Money Daily Brief: Australia sees employment surge
鈥ebound Down Under: Contrary to expectations, Australia in August and the unemployment rate fell to 5.7 percent, boosting its currency to a 14-month high. Asian markets jumped on the news and the MSCI emerging-market index rose to its highest level of the year. Investors were also encouraged by when most analysts had expected a loss.
鈥uropean interest rates: The Bank of England 0.5 percent and said it would continue buying assets to keep rates low. The European Central Bank was also steady in its announcement later Thursday, as central bankers worry about the sustainability of the economic recovery.
鈥ottlenecked skies: One-tenth of聽 US flights now arrive two hours late or more, and the logjam will only worsen as economy recovers, said . America鈥檚 most congested choke points: New York and other , raising economic concerns.
鈥n my backyard: The Movement for the Emancipation of the Niger Delta promised renewed when the government-led ceasefire expires Oct. 15. Nigeria's government said the ceasefire has helped boost the country's oil production and close in on its .
鈥� Drew Hinshaw is a Monitor contributor in Accra, Ghana. For a look at ways to cut the US jobless rate, click on How to cut unemployment: tax credit for employers who hire?
