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Showing 201 - 210 of 1722 results for "unemployment"

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
... subdued and are expected to remain so for some years. The economy is operating with considerable spare capacity and unemployment is still too high. It will take some time to reduce this spare capacity and for the labour market to be tight enough to generate ...

Chief economist update: Positive feedback loop

BENJAMIN ONG  |  TUESDAY, 6 APR 2021
... employment since August last year and is significantly higher than consensus expectations for a 647,000 gain. The unemployment rate declined to 6.0% in March from 6.2% in the previous month and the all-time high of 14.8% recorded in April last year. ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... vaccinate every adult (18 and older) in the country by July 4" - just in time for Independence Day. While the US unemployment rate -- at 6.2% in February - remained well-above pre-pandemic levels - 3.5% in February 2020 and 4.4% in March 2020 - the Conference ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... Force' report shows total employment is 1800 scalps short of the tally recorded last year before the pandemic and the unemployment rate dropped to 5.8% - the lowest level since March 2020. This is good news for the Morrison government which just ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
... underscored by the Fed's upgrade to its 2021 GDP growth projection to 6.5% (from 4.2% forecast in December 2020) and an unemployment rate of 4.5% (from 5.0% predicted three months before). The Fed predicts a temporary acceleration in inflation (the ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... got its first bite at Australia, sending the economy falling to its first-ever recession in 29 years that sent the unemployment rate up to 7.5% -- the highest level in two years and two months. The economic contraction would have been worst and the rate ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... above the US Congressional Budget Office's (CBO) estimate of America's potential growth rate of 2.0%. The unemployment rate would be lower. It's now seen at 4.5% this year (from 5.0% projected in December 2020); 3.9% in 2022 (from 4.2%) ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... to our labour market" (Westpac). Underscoring the "labour market" optimism, the consumer sentiment survey showed "unemployment expectations dropped by 2.1% over the month to a reading of 112.0, a whopping 23.3% fall from the same month last year. Confident ...

Childcare costs drag women's nest egg

KARREN VERGARA  |  MONDAY, 8 MAR 2021
... Programs offering worker (re)training and hiring subsidies targeted at workers who face greater risk of long-term unemployment should be explored," the IMF said. "More than two-thirds of Aware Super members are female and every day we see the very real ...

Chief economist update: Getting better, but not better enough

BENJAMIN ONG  |  WEDNESDAY, 3 MAR 2021
... been stronger than was earlier expected. There has been strong growth in employment and a welcome decline in the unemployment rate to 6.4%. Retail spending has been strong and most of the households and businesses that had deferred loan repayments have ...