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Showing 171 - 180 of 1722 results for "Unemployment"

Economic recap: Week to October 8

BENJAMIN ONG  |  MONDAY, 11 OCT 2021
... while the US economy stagnated, with annual GDP growth collapsing from 7.6% in 1973 to negative 2.3% by 1975. The unemployment rate soared from 4.6% to 8.6% over the same period. The same scenario played out in the mid-1980s. The "great moderation" - ...

Economic recap: Week to September 24

BENJAMIN ONG  |  MONDAY, 27 SEP 2021
... (3.8% versus 3.3% predicted three months before) and in 2023 (2.5% versus 2.4%). Similarly, the Fed predicts the unemployment rate to be higher this year (4.8% from 4.5%) before declining to 3.8% next year and 3.5% in 2023 - both unchanged from its June ...

Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
... economy had considerable momentum... Business investment was picking up and the labour market had strengthened. The unemployment rate had fallen below 5% and job vacancies were at a high level." "The recovery in the Australian economy has, however, been ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... Reserve chair Jerome Powell 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 ...

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
... added 2,200 jobs in July - paltry, but a great deal more than consensus expectations for job losses of 46,200. The unemployment rate fell from 4.9% in June to 4.6% in July. This is the ninth consecutive month of declining rate of joblessness, the lowest ...

KiwiSaver, NZ Super Fund architect remembered

JAMIE WILLIAMSON  |  FRIDAY, 20 AUG 2021
... any politician has made in recent times." His tenure as Finance Minister also New Zealand have one of the lowest unemployment rates in the OECD, strong economic growth and one of the lowest levels of public debt in the world, he added. Chair of the Guardians ...

Wage growth remains low

ELIZABETH MCARTHUR  |  THURSDAY, 19 AUG 2021
... impacts of the COVID-19 pandemic were recorded in the wage price index." The depressed wage growth is despite low unemployment in Australia - hovering around 5%, though likely set to rise due to ongoing lockdowns in New South Wales and Victoria.

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
... to buy a major household item (-7.2% to 112.0). And consistent with the NAB's employment conditions findings, unemployment expectations jumped sharply (13.7% to 124.6). The longer the lockdown, the longer the pessimism among Australian consumers. ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... figures for the previous two months were revised upwards by a total of 119K - 31K in May and 88K in June. The US unemployment rate dropped from 5.9% in June to 5.4% in July - better than market expectations for a decline to 5.7%. This is the lowest level ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... latest hurdle from a position of strength. The Australian Bureau of Statistics (ABS) reports that the country's unemployment rate dropped to an 11-year low of 4.9% in June - below the March 2020's (when the pandemic and lockdowns began) 5.3% ...

Editor's Choice

Aware Super reshapes governance team, appoints chief risk officer

VINNY VUCAGO  |   12:28PM
Aware Super has announced a leadership reshuffle, appointing a new chief risk officer amid the departure of its long-serving group executive of legal.

IFM lifts stake in Atlas Arteria to 40% after upping offer price

RIDDHIMA TALWANI  |   12:37PM
IFM Investors has raised its stake in Atlas Arteria from 34.5% to 38.3% in an on-market stock purchase, just a day after it raised its offer price for the toll road operator to $5.10 per security.

Zenith bolsters research, investment capabilities with new hires

MATTHEW WAI  |   10:54AM
Zenith has announced two senior appointments to strengthen its research and portfolio management divisions.

Regulators push for stronger stress-testing capability, resilience

KARREN VERGARA  |   11:52AM
The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.

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