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Showing 181 - 190 of 967 results for "Unemployment rate"

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 ...

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 ...