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Showing 121 - 130 of 964 results for "Unemployment rate"

Chief economist update: Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
... year ago to 114.5 points in February - below its long term average of 130.1 points. Wait there's more! The unemployment rate dropped to 6.4% in January from 6.6% in the previous month. At its rate of decline over the past three months, the unemployment ...

Chief economist update: Wall Street can't have its cake and eat it

BENJAMIN ONG  |  WEDNESDAY, 24 FEB 2021
... no matter how inflation is measured - remain below the Fed's 2.0% inflation target. In addition, the US unemployment rate which stood at 6.3% as at January 2021 remains far above the 50-year low 3.5% before covid-19, not enough to put upward pressure ...

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
... labour market has improved as a result of the better starting point and growth outlook. It now appears that the unemployment rate has already peaked. Although the end of the JobKeeper program in March creates some uncertainty for the near term, over ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... achieving this goal would take some time," said the US Federal Reserve in it's most recent minutes. While the US unemployment rate has fallen from the record high 14.8% recorded in April 2020 to 6.3% by January this year, it's still way above ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... increased by 35,700 workers while part-time hires grew by 14,300. Better than even better is the decline in the unemployment rate to 6.6% in December from 6.8% in the previous month and this comes despite the 0.1 point increase in the participation rate ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... economy remains around 10 million jobs short of the peak recorded in February last year. Similarly, while the unemployment rate dropped to 6.3% in January 2021 from 6.7% in the previous month and below expectations for it to remain at 6.7%, it's ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... is close to zero over the forecast period (Table 1.A)." Table 1.A shows the BOE's growth, inflation and unemployment rate projections assumed the Bank Rate at minus 0.1% by the first quarter of 2022 and up to the first quarter of the following ye ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... outlook, he said: "The economy is expected to operate with considerable spare capacity for some time to come. The unemployment rate remains higher than it has been for the past two decades and while it is expected to decline, the central scenario is ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but remains ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... economy backed by the rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the ...