- Japan’s first-quarter GDP grew 2.6 percent on an annual basis and 0.8 percent from the fourth quarter of 2006. The unemployment rate for May was 3.8 percent, unchanged from the previous month and a decline of 0.4 percent compared to the same month in 2006.
- Australia’s Q1 GDP grew 8.8 percent for the year and 2.3 percent from the previous quarter. Its May unemployment rate dropped 0.2 percent from April to 4.2 percent and declined 0.6 percent from a year earlier.
- Hong Kong’s May jobless rate remained at 4.3 percent from the previous month, a nine-year low. The drop from May 2006 was 0.5 percent.
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