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Showing 171 - 180 of 964 results for "Unemployment rate"

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... It'll be better in 2021. The BOE's illustrative scenario forecast UK GDP to rebound by 15% in 2021 and the unemployment rate to decline slightly to 7%. Then again, it acknowledges that the risks remain "skewed to the downside", declaring "it ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... and by around 6 per cent over the year as a whole. This is followed by a bounce-back of 6% next year." "...the unemployment rate peaks at around 10% over coming months and is still above 7% at the end of next year." "In the March quarter just passed ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... will lose $4 billion. Unemployment is also expected to double, to 10%, in the June quarter marking the highest unemployment rate in over two decades. "If these restrictions were increased even further, akin to the eight-week lockdown in Europe, then ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... (some of) the status quo," Morley and Holden said. "Even with them, it is entirely reasonable to expect the unemployment rate to climb into double digits as 15-20% of the workforce lose their jobs." The government's $130 billion JobKeeper payment, announced ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... Total hours worked in Australia are likely to decline by around 20% over the first half of this year." "The unemployment rate is likely to be around 10 per cent by June, although I am hopeful that it might be lower than this if businesses are able to ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... already deteriorated markedly just weeks into its lockdown - 701,000 workers lost their jobs in March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based on the IMF's April "World Economic Outlook" report ...

Millions jobless within weeks: Grattan

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... rise in unemployment to come over the next few months. Nevertheless, the institute still believes Australia's unemployment rate will rise to between 10 and 15%. "Spatial distancing requires all Australians to work together to protect the most vulnerable ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... Bureau of Statistics' (ABS) reported that employment increased (yes, it's up) by 5900 in March and the unemployment rate ticked up by an itsy-bitsy-teenie-weenie 0.1 percentage point to 5.2% from 5.1% in February. It's a beaut! Even prettier ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... said RBA governor Philip Lowe's objective of generating a sustained inflation rate of 2%-3% per year and an unemployment rate that approaches 4.5%, has provided the market with clear signposts for future upward movements in the cash rate. Kirkham said ...

A coronavirus-bitten cat bounce?

BENJAMIN ONG  |  TUESDAY, 7 APR 2020
... (to be reported by statistical agencies) the virus has done to economies around the world. The jump in the US unemployment rate to 4.4% in March from 3.5% in February provides a preview. So has the sharp fall in PMI indices across the planet. The problem ...