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Showing 231 - 240 of 1722 results for "Unemployment"

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... budget update, MYEFO, with the upward revision in GDP growth forecasts and downward revisions in the outlook for the unemployment rate and future budget deficits. Spend and intervened the Morrison government did. According to the Budget Papers 2020-21 ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... -3.7% forecast in September), +4.2% in 2021 (from 4.0%), and 3.2% in 2022 (from 3.0%). The Fed now expects lower unemployment rates than it did three months ago - 6.7% (versus 7.6%) this year; 5.0% (from 5.5%) in 2021; and 4.2% (from 4.6%) in 2022 - ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... rate of infections - retail, leisure and hospitality and other services - reported slowed jobs growth. Sure, the unemployment rate decline to 6.7% in November from 6.9% in the previous month but this was more a factor of more workers giving up on looking ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... at its disposal to spur economic activity. "I believe we can get back to the inflation target and acceptably low unemployment rates, some time over the next half decade," Lowe said. "I'm not confident we are going to be able to do it tomorrow, but we ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... women do) and 74% of Aboriginal and Torres Strait Islander men (as opposed to 85% of all men). The way JobSeeker (unemployment benefits) are structured does not help this inequality. The report found that Aboriginal and Torres Strait Islander people ...

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
... employment in October. Full-time employment increased by 97,000 workers while part-time hires jumped by 81,800. Sure, the unemployment rate inched up to 7.0% from 6.9% in September but this was due to the sharp increase in the participation rate to 65.8% ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... survey's 47-year history). However, the bullish headline consumer sentiment figure is tempered by the survey's Unemployment Expectations Index which increased to a reading of 132.0 in November from 122.2 in the previous month - indicating that ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
... Reserve chair, Jerome Powell, virtually buried the Philips Curve - the inverse correlation between inflation and the unemployment rate - by announcing that the Fed was switching from a point target of 2% inflation. The Fed said this was "to achieve inflation ...

Chief economist update: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
... Trumpeteers may not like it but, mandatory mask wearing. Lockdowns and social restrictions freeze economic activity, lift unemployment, reduce consumer spending and decrease corporate revenues - prompting the second dip in the US economy. It may not ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... output. In the central scenario, GDP growth is expected to be around 6% over the year to June 2021 and 4% in 2022. The unemployment rate is expected to remain high, but to peak at a little below 8%, rather than the 10% expected previously. At the end ...