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Showing 111 - 120 of 928 results for "unemployment rate"

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... in the June 2020 quarter on top of the 5.0% drop in the first quarter. The latest labour market tally has the unemployment rate improving from the all-time high of 14.7% in April, but at 10.2% (in July), remains above the GFC peak of 10%. There might ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... fear that the expiration of the Ardern government's job subsidy in September would lift the country's unemployment rate. At the same time that New Zealand still has its borders closed - that'll hit the tourism and education sectors -- would ...

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
... payrolls rose by 1.8 million in July - more than market expectations for an increase of 1.4 million jobs - and the unemployment rate declined to 10.2%. As the BLS explained: "These improvements in the labor market reflected the continued resumption of ...

Chief economist update: Escape from Victoria

BENJAMIN ONG  |  FRIDAY, 7 AUG 2020
... "Unemployment is expected to peak around 10% instead of the 9.25% predicted in July, while Australia's effective unemployment rate is projected to rise from 11% in June towards 14%. Morrison said Victoria will bear 80% of the economic damage from ...

Chief economist update: The RBA's lullaby

BENJAMIN ONG  |  WEDNESDAY, 5 AUG 2020
... output falls by 6% over 2020 and then grows by 5% over the following year," it said. "In this scenario, the unemployment rate rises to around 10% later in 2020 due to further job losses in Victoria and more people elsewhere in Australia looking for jobs. ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... 2019-20 and around 4.25% in 2020-21. The fiscal measures are also estimated to have lowered the peak of the unemployment rate by around 5 percentage points. Debt levels have also increased significantly as a result of COVID-19, however Frydenberg and ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... year only second smallest to South Korea among the G20 - 5.0% (single hit); 6.3% (double-hit). JEFU expects the unemployment rate to peak at around 9.25% in the December 2020 quarter before easing to 8.75% in the June 2021 quarter. Not only that, the ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... driven by an increase in part-time employment, with the number of full-time jobs declining. What pushed the unemployment rate higher despite 210,000 people gaining jobs was the number of people actively searching for employment increasing - 280,000 people ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... biggest monthly increase on record and nearly making up for the 227,700 lost in the previous month. Sure, the unemployment rate jumped higher to a 22-year high of 7.4% in June from 7.1% in May, but this is due to the sharp increase in the participation ...

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 ...