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Showing 131 - 140 of 928 results for "Unemployment rate"

Australia approaches fiscal cliff: UBS

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
... employees)," UBS said. The bank expects LFS employment to continue to decline over the coming months, with the unemployment rate lifting towards 101/2%. "However, it now appears this may take longer until Q4 (instead of Q2) - post the (planned) expiry ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... offices seen over the past two months, along with business closures and social restrictions. The 'dreamy' unemployment rate is explained by the sharp drop in the participation rate from 66.0% in March to a 15-year low of 63.5% in April - those ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... South Australia, Tasmania, the Northern Territory and the ACT," Frydenberg said. "Treasury is forecasting the unemployment rate to reach around 10%, or 1.4 million unemployed, in the June quarter." The five percentage point increase in the unemployment ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... Statistics (BLS) released actual non-farm payrolls numbers, underscoring the bother Uncle Sam finds itself in. The US unemployment rate soared to 14.7% in April -- its highest level on record - from 4.4% in the previous month (reality) and, mind you ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... It'll be better in 2021. The BOE's illustrative scenario forecast UK GDP to rebound by 15% in 2021 and the unemployment rate to decline slightly to 7%. Then again, it acknowledges that the risks remain "skewed to the downside", declaring "it ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... and by around 6 per cent over the year as a whole. This is followed by a bounce-back of 6% next year." "...the unemployment rate peaks at around 10% over coming months and is still above 7% at the end of next year." "In the March quarter just passed ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... will lose $4 billion. Unemployment is also expected to double, to 10%, in the June quarter marking the highest unemployment rate in over two decades. "If these restrictions were increased even further, akin to the eight-week lockdown in Europe, then ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... (some of) the status quo," Morley and Holden said. "Even with them, it is entirely reasonable to expect the unemployment rate to climb into double digits as 15-20% of the workforce lose their jobs." The government's $130 billion JobKeeper payment, announced ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... Total hours worked in Australia are likely to decline by around 20% over the first half of this year." "The unemployment rate is likely to be around 10 per cent by June, although I am hopeful that it might be lower than this if businesses are able to ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... already deteriorated markedly just weeks into its lockdown - 701,000 workers lost their jobs in March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based on the IMF's April "World Economic Outlook" report ...