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Showing 141 - 150 of 964 results for "Unemployment rate"

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 ...

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 ...