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Showing 261 - 270 of 1723 results for "Unemployment"

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... and/or lower Age Pension benefits is not an appropriate prescription for boosting economic activity and lowering unemployment."

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... 32.9% in the June 2020 quarter on top of the 5.0% drop in the first quarter. The latest labour market tally has the unemployment rate improving from the all-time high of 14.7% in April, but at 10.2% (in July), remains above the GFC peak of 10%. There ...

Young-old wealth gap widest in 18 years

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... Australians. We need policy and outcomes that are sustainable." As a solution, the paper suggests reviewing the rate of unemployment benefits, tightening superannuation tax concessions (also a call from Grattan Institute, as superannuation industry awaits ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... lowest in the survey's 47-year history). The latest survey doesn't bear good tidings for wages with the "Unemployment Expectations Index" soaring to a cycle high of 163.4 points - a jump of 14.6% from the previous month and 22.6% from a year ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... international tourism and education sectors, both key foreign exchange earners." Unlike its peers, New Zealand's unemployment rose to just 4.2% in the March quarter - a one-year high - before easing back to 4% in the June quarter. This should reverse ...

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
... payrolls rose by 1.8 million in July - more than market expectations for an increase of 1.4 million jobs - and the unemployment rate declined to 10.2%. As the BLS explained: "These improvements in the labor market reflected the continued resumption of ...

Chief economist update: Escape from Victoria

BENJAMIN ONG  |  FRIDAY, 7 AUG 2020
... estimated in July GDP would grow 1.5% in Q3, but with updated estimates the economy is now expected to contract 1%." "Unemployment is expected to peak around 10% instead of the 9.25% predicted in July, while Australia's effective unemployment rate ...

Chief economist update: The RBA's lullaby

BENJAMIN ONG  |  WEDNESDAY, 5 AUG 2020
... scenario, output falls by 6% over 2020 and then grows by 5% over the following year," it said. "In this scenario, the unemployment rate rises to around 10% later in 2020 due to further job losses in Victoria and more people elsewhere in Australia looking ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
... temporary closure of all non-essential businesses that could turn into a permanent bankruptcy and with them, rising unemployment, reduced business and income tax revenues for the state of Victoria coupled with increased welfare and health spending and ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... FSC's extension doesn't go far enough. "It's only after JobKeeper ends that we will see the full impact of unemployment as a result of COVID-19," Mennen said. He said it doesn't make sense for insurers to have this initiative in place ...