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Showing 121 - 130 of 929 results for "unemployment rate"

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... jobs in May and 4.8 million in June after shedding 1.3 million jobs in March and 20.5 million in April. The unemployment rate has declined to 11.1% in June from 13.3% in May and 14.7% in April - a record high...."spending is increasing". US retail sales ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... re-imposed shutdown measures in certain coronavirus hotspots. The first wave has already sent Australia's unemployment rate surging from 5.2% in March to 6.4% in April to 7.1% in May - and according to the Australian Bureau of Statistics (ABS), had ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... passed a US$2 trillion emergency stimulus package in efforts to lessen the toll on the newly-unemployed - the unemployment rate jumped a 50-year low of 3.5% in March to a record high of 14.7% the following month - and companies forced into lockdown. ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... revenue (at the very least) and reduce investment on plant, machinery and equipment staff - suggesting that the unemployment rate would remain at elevated levels. This could become self-reinforcing where falling prices lead to lower consumer spending ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... $160 billion that the federal and state governments have already spent so far. But it is needed to lower the unemployment rate - which stood at 7.1% in May after climbing up from 5.2% in March - Grattan says. Grattan says the extra needed in stimulus ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... available to work) then the number of unemployed people would have increased to around 1.1 million people (and an unemployment rate of around 8.1%)." "Looking at the cumulative change between March and May, had the increase in the number of people who ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... month. Worse, despite the government's recent pandemic initiatives (which limited the deterioration in the unemployment rate - 3.9% in April from a half-century low of 3.8% in November 2019), those claiming unemployment insurance more than doubled ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... (instead of the 2.0% expansion forecast in December 2019) before rebounding to 5.0% in 2021 and 3.5% in 2022; the unemployment rate to rise to 9.3% in 2020 and decline to 6.5% in 2021 and 5.5% in 2022; the PCE price inflation would decelerate from 1.4% ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... contraction in convenience centres (seen as more defensive thanks to their exposure to supermarkets). With the unemployment rate at all time highs, office tenant demand will also be impacted, as will vacancy rates and market rent, Pham said. "What we've ...

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
... health services, and retail trade but while government jobs continued to decline. Equally ebullient, the US unemployment rate dropped to 13.3% in May versus 14.7% in April and market expectations for a continued climb to 19.8%, despite the increase in ...