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Showing 161 - 170 of 1649 results for "Unemployment"

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... at its disposal to spur economic activity. "I believe we can get back to the inflation target and acceptably low unemployment rates, some time over the next half decade," Lowe said. "I'm not confident we are going to be able to do it tomorrow, but we ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... women do) and 74% of Aboriginal and Torres Strait Islander men (as opposed to 85% of all men). The way JobSeeker (unemployment benefits) are structured does not help this inequality. The report found that Aboriginal and Torres Strait Islander people ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
... employment in 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% ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... survey's 47-year history). However, the bullish headline consumer sentiment figure is tempered by the survey's Unemployment Expectations Index which increased to a reading of 132.0 in November from 122.2 in the previous month - indicating that ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... Reserve 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: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
... Trumpeteers may not like it but, mandatory mask wearing. Lockdowns and social restrictions freeze economic activity, lift unemployment, reduce consumer spending and decrease corporate revenues - prompting the second dip in the US economy. It may not ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... output. In 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 ...

Tasmania remains best performing state: CommSec

ANNABELLE DICKSON  |  MONDAY, 26 OCT 2020
... state and territory using eight key indicators, including economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. Tasmania ranked first on relative population ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... that 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 ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... committed to do what it can to support jobs, incomes and businesses in Australia", "views addressing the high rate of unemployment as an important national priority" and therefore, "will maintain highly accommodative policy settings as long as is required ...