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Showing 131 - 140 of 964 results for "Unemployment Rate"

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... employment increased by 35,700 workers while part-time hires grew by 14,300. Even better is the decline in the unemployment rate to 6.6% in December from 6.8% in the previous - and this comes despite the 0.1 point increase in the participation rate to ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... an expansion of 0.75% (MYEFO) from a contraction of 1.5% foreseen in the October Budget - leading to a lower unemployment rate and reduced underlying cash deficit (to 9.9% of GDP from 11.0% of GDP). It's only gonna get better. The coronavirus vaccine ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Life's stagnant business performance continuing beyond next year [2021] is of concern in light of the increased unemployment rate due to worsening economy impacted by COVID-19 and expected increase in claims payment and cancellations etc. relating to ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future budget deficits. Spend and intervened the Morrison government did. According to the Budget Papers 2020-21, this ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... of infections - retail, leisure and hospitality and other services - reported slowed jobs growth. Sure, the unemployment rate decline to 6.7% in November from 6.9% in the previous month but this was more a factor of more workers giving up on looking ...

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 ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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