Australia is on Thursday scheduled to release April figures for unemployment, highlighting a light day for Asia-Pacific economic activity.
Fueled by the Covid-19 pandemic, the jobless rate is predicted to spike to 8.3 percent - up from 5.2 percent in March. The Australian [economy][1] is expected to have lost 575,000 jobs after adding 5,900 in the previous month. The participation rate is tipped to sink to 65.2 percent from 66.0 percent a month earlier.
Australia also will see the inflation forecast for May from the Melbourne Institute; in April, inflation was seen at 4.6 percent.
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