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Showing 101 - 110 of 928 results for "Unemployment rate"

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in. Lowe explained that while the ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
... October. Full-time employment increased by 97,000 workers while part-time hires jumped by 81,800. Sure, the unemployment rate inched up to 7.0% from 6.9% in September but this was due to the sharp increase in the participation rate to 65.8% in October ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... chair, Jerome Powell, virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing that the Fed was switching from a point target of 2% inflation. The Fed said this was "to achieve inflation ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... the central scenario, GDP growth is expected to be around 6% over the year to June 2021 and 4% in 2022. The unemployment rate is expected to remain high, but to peak at a little below 8%, rather than the 10% expected previously. At the end of 2022, the ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... Australia's labour market remains weak. The Australian Bureau of Statistics reported that the country's unemployment rate increased to 6.9% in September from 6.8% in the previous month and the underemployment rate ticked up to 11.4% from 11.3% ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... 2021/22 and continued positive growth thereafter. This is also predicated on the Treasury's forecasts that the unemployment rate would steadily come down from 7.25% in 2020/21 to 6.5% in 2021/22 to 6.0% in 2022/23 and 5.5% in 2023/24. To be sure ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... of $101 billion, supporting 3.5 million people. By the June 2022 quarter, the government is anticipating an unemployment rate of 6.5%. "There is no recovery without a jobs recovery, and this budget is all about jobs," Treasurer Josh Frydenberg said. ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 18 SEP 2020
... by 111,000 people in August 2020, with: - the number of unemployed people decreasing by 86,500 people; - the unemployment rate decreasing by 0.7 percentage points (pts) to 6.8%; - the underemployment rate remaining at 11.2%; - the underutilisation rate ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... - 4% versus 5% in 2021 and 3% from 3.5% in 2022 before expanding by 2.5% in 2023. The Fed also upgraded its unemployment rate predictions to 7.6% this year (from 9.3% forecast in June), 5.5% (from 6.5%) next year, and 4.6% (from 5.5%) in 2022 and 4% ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... Federal Reserve chair virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing that henceforth, the Fed is switching from a point target of 2% inflation to achieving "achieve inflation that ...