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Showing 271 - 280 of 1722 results for "Unemployment"

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... pre-pandemic growth expectations with post-pandemic expectations. The modelling factors in Australia's recession, rising unemployment, lowering super contribution levels, lower long-run super fund earnings expectations and reduced population growth ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... 0.75% in 2019-20 and around 4.25% in 2020-21. The fiscal measures are also estimated to have lowered the peak of the unemployment rate by around 5 percentage points. Debt levels have also increased significantly as a result of COVID-19, however Frydenberg ...

Chief economist update: Australian outlook under COVID-19

BENJAMIN ONG  |  FRIDAY, 24 JUL 2020
... this year only second smallest to South Korea among the G20 - 5.0% (single hit); 6.3% (double-hit). JEFU expects the unemployment rate to peak at around 9.25% in the December 2020 quarter before easing to 8.75% in the June 2021 quarter. Not only that ...

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... harsh numbers reflect the harsh reality we face. The economic outlook remains very uncertain..." He said the official unemployment number is expected to peak at 9.25% in the December quarter, after accounting for Victoria's six-week lockdown "Without ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... It is envisaged that the central bank provides finance up until the point that its goals for inflation and perhaps unemployment are met." Lowe said that while the idea has attracted a lot of attention, many have pointed out significant challenges in ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... workers who received more from JobKeeper than their previous wage. The government will also extend its JobSeeker unemployment benefit beyond September. The payment will be lowered from the current A$1115 a fortnight but will still be above the pre-pandemic ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... industry to grow to $10 trillion by 2040. Rainmaker also found that falling contributions into super due to increased unemployment, wage stagnation and decreased population growth (as a result of ongoing travel restrictions) due to COVID-19's could ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... new JobTrainer package was met with calls to extend the existing JobSeeker and JobKeeper measures as devastating unemployment numbers were released. Unemployment has now hit 7.4%, the highest it has been in two decades, according to the Australian Bureau ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... the biggest monthly increase on record and nearly making up for the 227,700 lost in the previous month. Sure, the unemployment rate jumped higher to a 22-year high of 7.4% in June from 7.1% in May, but this is due to the sharp increase in the participation ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... worsen. "Clearly, Victoria changes the economic picture; it's going to defer GDP growth, it is going to hurt unemployment," he said. "And so the risk of higher provisions and bad debts for the banks has also gone up. And the extension of loan deferrals ...