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Showing 211 - 220 of 967 results for "Unemployment rate"

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... higher to 2.2% (from 2.1% in the June projections), the Fed still sees the economy growing at 2.0% in 2020. The unemployment rate is predicted to be at 3.7% (from 3.6% forecast in June) this year and the next. PCE price inflation forecasts were untouched ...

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
... but not when wages remain stagnant (unchanged at 2.3% in the year to the June 2019 quarter from March) and the unemployment rate still below the RBA's new NAIRU (non-accelerating inflation rate of unemployment) of 4.5% -- the unemployment rate's ...

Chief economist update: The fear of Brexit

BENJAMIN ONG  |  THURSDAY, 29 AUG 2019
... -- but it's the UK economy that's still responding to the dictates of Economics 101. The UK's low unemployment rate - 3.9% in June - is lifting wages. Average weekly earnings (excluding bonuses) grew by 3.9% in the year to June. This is the ...

Chief economist update: What price Australian budget surplus?

BENJAMIN ONG  |  TUESDAY, 27 AUG 2019
Aside for bragging rights, I can't understand why the current Australian government remains hell-bent on achieving that promised "Budget surplus". The current sitting Treasurer Josh Frydenberg looks set to deliver on the "promise" that has eluded ...

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... over the same interval." We're getting the same excuses and rationalisations on why the US economy - low unemployment rate; strong consumer optimism and spending; still expanding ISM indices, among others. They were strong too at the time of the ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... recession from the December quarter of 2007 to the June quarter of 2009. But perhaps, this time is different. The US unemployment rate is at near 49-year lows at 3.7% (July)... but it was also clocking multi-decade lows (4.4% December 2006) before the ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... in July - due to expansions in both full-time (up 34,500) and part-time (up 6,700) jobs over the month. The unemployment rate remained unchanged at 5.2%. But this was due to the higher participation rate - 66.1% in July from 66.0% in June - itself a ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter -- the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later. More worrying at this point in time is the fact that central bank policy ...

Chief economist update: Hard target

BENJAMIN ONG  |  WEDNESDAY, 10 JUL 2019
... the central bank announced its first rate cut since August 2016 - governor Philip Lowe declared 4.5% is the unemployment rate at which wages start to lift and feed into inflation. Latest data show Australia's unemployment rate at 5.2% in May; headline ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... US non-farm payrolls report for June - up a bigger-than-expected 224,000 from 72,000 in May. Meanwhile, the unemployment rate ticked up to 3.7% from 3.6% in May, remains near 49-year lows and was due to the increase in the participation rate, itself ...