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Showing 281 - 290 of 1722 results for "Unemployment"

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... million jobs in May and 4.8 million in June after shedding 1.3 million jobs in March and 20.5 million in April. The unemployment rate has declined to 11.1% in June from 13.3% in May and 14.7% in April - a record high...."spending is increasing". US retail ...

Chief economist update: We're all Victorians now

BENJAMIN ONG  |  FRIDAY, 10 JUL 2020
... is, not counting the multiplier effect on the national economy. Victorian state treasurer Tim Pallas now expects unemployment in Victoria to peak at 11% from 6.9% currently as he announced a A$534 million support package - "including cash grants for ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... as countries seek to contain the coronavirus. Many people have lost their jobs and there has been a sharp rise in unemployment," Lowe said. "Leading indicators have generally picked up recently, suggesting the worst of the global economic contraction ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... considering the 8% fall in the ASX over the full year, Australia falling into a recession and a dramatic rise in unemployment, it is undoubtedly so. One such super fund which has come out of the crisis relatively unharmed is AustralianSuper, which announced ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... have re-imposed shutdown measures in certain coronavirus hotspots. The first wave has already sent Australia's unemployment rate surging from 5.2% in March to 6.4% in April to 7.1% in May - and according to the Australian Bureau of Statistics (ABS) ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... Congress passed a US$2 trillion emergency stimulus package in efforts to lessen the toll on the newly-unemployed - the unemployment rate jumped a 50-year low of 3.5% in March to a record high of 14.7% the following month - and companies forced into lockdown. ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... maintain revenue (at the very least) and reduce investment on plant, machinery and equipment staff - suggesting that the unemployment rate would remain at elevated levels. This could become self-reinforcing where falling prices lead to lower consumer ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... the $160 billion that the federal and state governments have already spent so far. But it is needed to lower the unemployment rate - which stood at 7.1% in May after climbing up from 5.2% in March - Grattan says. Grattan says the extra needed in stimulus ...

Property investors should diversify: FSI

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... been underpinned by the widespread fiscal support measures governments have introduced globally, including boosts to unemployment benefits and cash handouts." FSI said logistical warehouses and other industrial assets have been largely insulated from ...

Chief economist update: Victoria's Cinderella moment

BENJAMIN ONG  |  MONDAY, 22 JUN 2020
... their respective economies and constituents in mind. Much more than central banks trying to strike a balance between unemployment and inflation - the coronavirus presents policymakers a chicken and egg dilemma. Health before wealth or vice-versa. Wealth ...