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| | | ... states have reported major backlogs of applications," Meyer said. "The staggering job losses could send the unemployment rate as high as 15.6%, much higher than in previous downturns." According to the Department of Labor, nearly all claims cited the ... |
| | | | ... biggest ever stimulus package has economists chopping their forecasts GDP contraction by as much as 80% and their unemployment rate predictions nearly halved from 16% to just around 8.5%. So much so that the All Ordinaries index surged by 6.6% on the ... |
| | | | ... Below is the updated chart from Factset: In as much as initial jobless claims provide a leading indicator of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% ... |
| | | | ... unemployment - jumped by 70K to 281K in the week ended March 14. Still peanuts when you consider that the current US unemployment rate remains at a half a century low of 3.5%. However, the US Economic Policy Institute's (EPI) latest estimates provide ... |
| | | | ... size of the economic shock coming down the line is significant. We don't know yet but it could be that the unemployment rate is 20% in a few weeks," Coates told Financial Standard. "Cancelling SG [temporarily] is more challenging as it had to be ... |
| | | | ... modelling says there is a risk of 317,000 job losses if COVID-19 shocks stretch out through the year because the unemployment rate could rise about 2.5% above the baseline. The slowdown may dwarf the government's $17.6 billion stimulus package. Frontier ... |
| | | | ... soon... very soon, for this, Virginia, is as good as it gets. The other stats in the report showed that the unemployment rate increased to 5.3% in January from 5.1% in the previous month - a move further away from the 4.5% rate the RBA considers as full ... |
| | | | ... from the rise and rise in the US equity market - the S&P 500 index hit another record high overnight - and the unemployment rate just one tick above the 50-year low of 3.5%, that means more Americans participating in the 401(k) retirement plan, that ... |
| | | | ... depreciation post-Brexit referendum); the FTSE-100 index has gained by 18.4% since July 2013 to date; and, the unemployment rate has dropped from 7.7% (June 2013) to a 45-year low of 3.8%. In his final BOE meeting, Carney remains hopeful, expecting "an ... |
| | | | ... GDP growth accelerated at an annualised quarterly rate of 2.1% in December 2019 (from 1.1% in 2018) and the unemployment rate dropped to a 50-year low of 3.5% (from 3.9%). Not to mention, Wall Street's surge to record highs. However, inflation continues ... |
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