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| | | ... supports are earnest in their efforts to implement this element of the government's plan to help people through the immense job losses caused by COVID-19. "Despite these challenges, our focus right now is on ensuring this is available for Australians ... |
| | | | This week the world gained some clarity as to the true scale of the impact COVID-19 is likely to have which, in turn, made clearer the challenges the financial services industry will face in combating the pandemic's effects. However, greater uncertainty ... |
| | | | The Dow Jones has recorded its shortest bear market in the index's history, as investors regain confidence in a market rife with volatility. The Dow experienced its strongest three days in nine decades after record weekly US jobless claims came ... |
| | | | ... unemployment. Others, like Citi and Goldman Sachs think unemployment could be lower - 8.4% and 8.5% respectively. "The epicentre of job losses is in services," Andrews said. "And these jobs are essential to the economy. They will bounce back once the ... |
| | | | ... the market, so it hurt less personally, this time I am 33-years older and have far more skin in the game. Lucky I love my job, as it looks like I will be working longer." As Julia Lee, chief investment officer at Burman Invest, pointed out, March 2020 ... |
| | | | The numbers are in, and the US Economic Policy Institute's (EPI) estimate of unemployment claims, if not right on the dot, was way inside the ballpark. EPI estimated 3.4 million workers filed for unemployment in the week ended March 21, that it ... |
| | | | ... the COVID-19 pandemic and subsequent shutdown. "More recent anecdotes suggest most firms have implemented hiring freezes and job losses are being reported in the hospitality and tourism industries," the note said. Lines outside Centrelink offices have ... |
| | | | Wall Street and most other equity markets welcomed reports that the White House and the US Senate have finally reached a deal to unleash a stimulus package worth around US$2 trillion. "Highlights include: $250B in direct payments to Americans; $367B ... |
| | | | ... faltered," he said. "New industries will come into their own and, as ever, there will be winners and losers. "This will mean job losses in some sectors and huge - possibly unprecedented - job and investment opportunities in others." He pointed to big ... |
| | | | The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members. With close to or more than half of their members sitting in the millennial age range, the likes ... |
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