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Australian Employment Drops, Sending Jobless Rate Up to 3.8% [Yahoo! Finance]
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Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Elon Wants His Money Back Bankers Hit With Millions in Breakup Fees for Ditching New Jobs The economy shed 6,600 roles, compared with a forecast gain of 10,000 and following an increase of over 100,000 in February, data from the Australian Bureau of Statistics showed Thursday. Unemployment ticked up to 3.8% from 3.7% in February. “After some wild fluctuations over the past couple of months, the labor market returned to something a little more normal,” said Sean Langcake, head of macroeconomic forecasting for Oxford Economics Australia. “The market is still in a very tight position, which will keep upward pressure on labor cost growth this year.” The currency erased a small intraday gain after the release to trade at 64.34 US cents while the yield on the po
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- Tesla Fires Supercharger Team—Musk Says Network Will Grow At ‘Slower Pace' [Forbes][Forbes]
- That Strange Piece of Metal Origami Embodies All of Elon Musk’s Flaws [The New York Times][The New York Times]
- Tesla Axes Most of Supercharger Team in Blow to Other Automakers [BNN Bloomberg (Canada)][BNN Bloomberg]
- Volkswagen's electric car orders double in Europe [CNN][CNN]
- Tesla Fires Charger Team Amid Hundreds of Layoffs [The New York Times][The New York Times]
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