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Showing 151 - 160 of 964 results for "Unemployment rate"

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 ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... re-imposed shutdown measures in certain coronavirus hotspots. The first wave has already sent Australia's unemployment rate surging from 5.2% in March to 6.4% in April to 7.1% in May - and according to the Australian Bureau of Statistics (ABS), had ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... passed a US$2 trillion emergency stimulus package in efforts to lessen the toll on the newly-unemployed - the unemployment rate jumped a 50-year low of 3.5% in March to a record high of 14.7% the following month - and companies forced into lockdown. ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... revenue (at the very least) and reduce investment on plant, machinery and equipment staff - suggesting that the unemployment rate would remain at elevated levels. This could become self-reinforcing where falling prices lead to lower consumer spending ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... $160 billion that the federal and state governments have already spent so far. But it is needed to lower the unemployment rate - which stood at 7.1% in May after climbing up from 5.2% in March - Grattan says. Grattan says the extra needed in stimulus ...