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Showing 11 - 20 of 513 results for "Jobless"

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... pandemic and 2.0 percentage points below the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. Moreover, Australian business conditions jumped to a new all-time high reading of 32 in April, bettering what was ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... pandemic and 2.0 percentage points below the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. However, the ABS' "Labour Force" report showed that total employment contracted by 30,600 in April from March ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... minimum wage". Voice of America says: "The federal government is continuing to make $300-a-week extra payments to the jobless into early September, on top of less generous state benefits, a provision that will help millions of unemployed until their ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... in its February statement. This stronger economic growth would boost the labour market with the RBA now expecting the jobless rate "to be around 5 per cent at the end of this year and around 41/2 per cent at the end of 2022". It all seems to be cut and ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... unemployment rate dropped to 5.6% in March after jumping to 7.5% in July last year -- its highest level in 22 years. This jobless rate remains insufficient to drive wages higher. Recall the good governor declaring that wages have to grow sustainably ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
"For all those times you stood by me... You're the one who held me up Never let me fall You're the one who saw me through it all." -Celine Dion What a difference a year makes, ey? The year 2020 started out disastrous (literally) for the country ...

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
It's only been only two weeks since the Reserve Bank of Australia (RBA) provided a more optimistic assessment of and outlook for the domestic labour market. In its February 2021 'Statement on Monetary Policy' (SoMP), the RBA declared that ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 2020 and lower than the Treasury's already lowered MYEFO (Mid-Year Economic and Financial Outlook) prediction for the jobless rate to "peak at 71/2 per cent in the March quarter 2021". Because of this, consumers and businesses are growing more confident. ...

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
... it's still far above the 3.5% pre-pandemic rate of unemployment registered in February last year. There were 10.1 million jobless Americans in January 2021 compared with 5.7 million in February 2020. But have no fear (er, celebrate), Joe Biden is ...

Chief economist update: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... 2020 and lower than the Treasury's already lowered Mid-Year Economic and Financial Outlook (MYEFO) prediction for the jobless rate to "peak at 7.5% in the March quarter 2021". These wonderful set of numbers could start a virtuous cycle in the domestic ...