Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 928 results for "Unemployment rate"

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... is close to zero over the forecast period (Table 1.A)." Table 1.A shows the BOE's growth, inflation and unemployment rate projections assumed the Bank Rate at minus 0.1% by the first quarter of 2022 and up to the first quarter of the following ye ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... outlook, he said: "The economy is expected to operate with considerable spare capacity for some time to come. The unemployment rate remains higher than it has been for the past two decades and while it is expected to decline, the central scenario is ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but remains ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... economy backed by the rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the ...

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... employment increased by 35,700 workers while part-time hires grew by 14,300. Even better is the decline in the unemployment rate to 6.6% in December from 6.8% in the previous - and this comes despite the 0.1 point increase in the participation rate to ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... an expansion of 0.75% (MYEFO) from a contraction of 1.5% foreseen in the October Budget - leading to a lower unemployment rate and reduced underlying cash deficit (to 9.9% of GDP from 11.0% of GDP). It's only gonna get better. The coronavirus vaccine ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Life's stagnant business performance continuing beyond next year [2021] is of concern in light of the increased unemployment rate due to worsening economy impacted by COVID-19 and expected increase in claims payment and cancellations etc. relating to ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future budget deficits. Spend and intervened the Morrison government did. According to the Budget Papers 2020-21, this ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... of infections - retail, leisure and hospitality and other services - reported slowed jobs growth. Sure, the unemployment rate decline to 6.7% in November from 6.9% in the previous month but this was more a factor of more workers giving up on looking ...