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Showing 181 - 190 of 964 results for "Unemployment Rate"

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
... 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 ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... 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 ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... 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% ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... 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 ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... 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 ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... 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 ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... 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 ...

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... 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 ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... 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 ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... 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 ...