Fashion
Australia’s jobless rate eases to 4.3% in October: ABS
The number of unemployed people fell by 17,000, while employment expanded by 42,000. More jobseekers moved directly into employment than is typical for October, lifting full-time employment sharply by 55,000. Both women and men contributed to these gains, with female full-time employment rising by 29,000 and male full-time employment by 26,000, ABS said in a press release.
Australia’s unemployment rate fell to 4.3 per cent in October as 42,000 people gained jobs and unemployment dropped by 17,000.
Strong full-time growth, especially among women, outweighed a fall in part-time roles.
Participation held at 67 per cent, while hours worked rose 0.5 per cent.
Underemployment edged down to 5.7 per cent.
Trend unemployment rate stood at 4.4 per cent.
Part-time employment fell by 13,000, driven primarily by a 21,000 drop among women, partly offset by an 8,000 rise among men. The participation rate held steady at 67 per cent overall, although it diverged by gender: male participation increased to 71 per cent, while female participation slipped to 63.1 per cent. The employment-to-population ratio remained stable at 64 per cent.
Hours worked rose by 0.5 per cent—outpacing the rise in employment—indicating stronger labour demand and fewer people working reduced hours. The underemployment rate dropped to 5.7 per cent, down 0.2 percentage points for the month and 0.5 percentage points from a year earlier. Combined with lower unemployment, the underutilisation rate dipped to 10.0 per cent, continuing its steady improvement since 2020.
Trend data reaffirmed this resilience, with trend unemployment holding at 4.4 per cent. Trend unemployment is the jobless rate shown without short-term fluctuations, giving a clearer picture of the labour market’s real direction.
Trend employment grew by 27,000 (0.2 per cent) in October and 1.5 per cent over the year. Monthly hours worked rose by 0.1 per cent in trend terms, slightly lagging employment growth but remaining broadly consistent with long-term patterns. Trend participation edged up to 67 per cent, while the employment-to-population ratio stayed at 64 per cent. The trend underemployment and underutilisation rates were steady at 5.8 per cent and 10.1 per cent respectively, added the release.
Fibre2Fashion News Desk (SG)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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