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Showing 261 - 270 of 1722 results for "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 ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... 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 ...