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Showing 221 - 230 of 1722 results for "Unemployment"

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... outlook, he said: "The economy is expected to operate with considerable spare capacity for some time to come. The unemployment rate remains higher than it has been for the past two decades and while it is expected to decline, the central scenario is ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
... very quickly. She described the reduction of JobSeeker payments, a lifeline for millions of Australians thrown into unemployment, as "devastating". "While the government should be congratulated for acting quickly to implement wage subsidies and other ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... the December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... economy backed by the rebound in GDP in the third quarter and the better than predicted fall in the country's unemployment rate. Australian GDP grew by 3.3% in the September quarter following two consecutive quarters of contraction -- -0.3% in the ...

NSW economic performance slips: CommSec

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... state and territory using eight key indicators, including economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. Tasmania ranked first on relative population ...

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... Full-time employment increased by 35,700 workers while part-time hires grew by 14,300. Even better is the decline in the unemployment rate to 6.6% in December from 6.8% in the previous - and this comes despite the 0.1 point increase in the participation ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... forecast to an expansion of 0.75% (MYEFO) from a contraction of 1.5% foreseen in the October Budget - leading to a lower unemployment rate and reduced underlying cash deficit (to 9.9% of GDP from 11.0% of GDP). It's only gonna get better. The coronavirus ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... Nippon Life referenced life insurance industry's spike in income protection claims, COVID-19's impact and high unemployment which put MLC Life's business performance being "stagnant" beyond 2021. Commenting on his appointment, Rogers said ...

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
... are America's aggressive fiscal and monetary responses. The CARES Act, direct payments to households, extended unemployment benefits, the Paycheck Protection Progamme, etc. implemented by the government, along with the Fed's interest rate reduction ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... MLC Life's stagnant business performance continuing beyond next year [2021] is of concern in light of the increased unemployment rate due to worsening economy impacted by COVID-19 and expected increase in claims payment and cancellations etc. relating ...