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Showing 181 - 190 of 1722 results for "Unemployment"

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... consensus expectations for a 700,000 gain and followed back-to-back lower-than-expected results in April and May. The unemployment rate inched up to 5.9% in June from the 14-month low of 5.8% recorded in May. In the Eurozone, the IHS Markit Eurozone ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... offsetting the 30,600 lost in the previous month and was 1.0% more in May 2021 than the start of the pandemic. The unemployment rate dropped to 5.1% in May - the seventh straight month of decline -- from 5.5% in April and 5.3% in March 2020 when lockdowns ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... because overall, there is judged to be spare capacity in aggregate in the economy at present." The country's unemployment rate may have dropped to an eight-month low of 4.7% in the three months to April but "it is likely that labour market slack ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... in the first five months of this year, more than making up for the 96,400 positions lost in 2020. The ABS said the unemployment rate fell to 5.1%, which was below March 2020 (5.3 per cent) and back to the level in February 2020 (5.1%) - lower than expectations ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... projections bear this out, upgrading this year's GDP growth to 7.0% from the 6.5% rate forecast in March, with the unemployment rate steadily improving from 4.5% this year to 3.8% in 2022 and 3.5% in 2023. The Fed's PCE price inflation - its ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... presenting a perfectly rational response to the current situation. As the Wall Street Journal put it last month: "Average unemployment recipient receiving federal enhancement (which continues to September) earns above the $15/hr federal minimum wage". ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... expand by 7.25% -- the fastest rate since World War II - this year from the February 2021 estimate of 5.0% and for the unemployment rate to peak at 5.5% later this year - as significant drop from the 7.75% it predicted three months earlier. But with ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... labour market continues to improve despite the withdrawal of the government's JobKeeper scheme. The country's unemployment rate fell from 5.7% in March to 5.5% in April - just 0.2 percentage points (or 33,000 people) above the start of the pandemic ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... 3.9% by late 2022 that, in turn, would turn the output gap from negative to a big positive. This is supported by its unemployment and inflation forecasts. "The unemployment rate is assumed to have peaked at 5.2% in the September 2020 quarter. Over the ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... recipients "may lose employment at the completion of the program" when it's retired on March 28 and that "the unemployment rate could rise a little over coming months" and some, if not many, businesses would fold. Economic surveys and stats released ...