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Showing 111 - 120 of 1648 results for "Unemployment"

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... projections bear this out, upgrading this year's GDP growth to 7.0% from the 6.5% rate forecast in March, with the unemployment rate steadily improving from 4.5% this year to 3.8% in 2022 and 3.5% in 2023. The Fed's PCE price inflation - its ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... presenting a perfectly rational response to the current situation. As the Wall Street Journal put it last month: "Average unemployment recipient receiving federal enhancement (which continues to September) earns above the $15/hr federal minimum wage". ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... expand by 7.25% -- the fastest rate since World War II - this year from the February 2021 estimate of 5.0% and for the unemployment rate to peak at 5.5% later this year - as significant drop from the 7.75% it predicted three months earlier. But with ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... labour market continues to improve despite the withdrawal of the government's JobKeeper scheme. The country's unemployment rate fell from 5.7% in March to 5.5% in April - just 0.2 percentage points (or 33,000 people) above the start of the pandemic ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... 3.9% by late 2022 that, in turn, would turn the output gap from negative to a big positive. This is supported by its unemployment and inflation forecasts. "The unemployment rate is assumed to have peaked at 5.2% in the September 2020 quarter. Over the ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... recipients "may lose employment at the completion of the program" when it's retired on March 28 and that "the unemployment rate could rise a little over coming months" and some, if not many, businesses would fold. Economic surveys and stats released ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... subdued and are expected to remain so for some years. The economy is operating with considerable spare capacity and unemployment is still too high. It will take some time to reduce this spare capacity and for the labour market to be tight enough to generate ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... report, they acknowledged that there's still high pressure to support employment and thus, decided to extend unemployment support till the end of this year. This, despite China's unemployment dropping to a pre-pandemic rate of 5.1% in April from ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
... March (-146,000) estimates combined to show that employment was 78,000 less than previously reported. Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. But on the third day, it rose again, when the same bureau ...

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
... stead. "Ahead of any major advanced economy, Australia has seen employment go above its pre-pandemic levels. At 5.6%, unemployment today is lower than when we came to government... Australia's fate could have been so much worse. The United Kingdom ...