Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 182 results for "Jobless Rate"

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 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: Jobs, jobs, jobs

BENJAMIN ONG  |  FRIDAY, 22 JAN 2021
... 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 economy ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... COVID-19. The Reserve Bank of Australia (RBA) has long said it will not consider lifting interest rates unless the jobless rate goes down. This was repeated at the final meeting of the RBA board in December 2020, where RBA governor Philip Lowe said the ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... the Tasmanian unemployment is only 7.4% above the decade average," CommSec said. "Next best is Queensland, its 7.7% jobless rate being 27.7% above the decade average. The ACT comes next (29.4% above the decade average) from Victoria (33.2% above the ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... according to the Australian Bureau of Statistics (ABS), had it not been for the decline in the participation rate, the jobless rate would have risen from around 8.1% to 11.3%. For sure and for certain, Victoria's second wave would put upward pressure ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... in June before settling at 9% by end-2020. The latest OECD (June report) was kinder, predicting the country's jobless rate to rise to 7.4% this year (under a single covid hit scenario) or 7.6% (under a double-hit). The gradual relaxation of social ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... in April -- its highest level on record - from 4.4% in the previous month (reality) and, mind you, the rise in the jobless rate happened despite the participation rate dropping to 60.2% (the least since January 1973) from 62.7% in March. But... this ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... latest US non-farm payrolls report put the unemployment rate at 3.8% in March - the 19th straight month that the jobless rate had been below the "median value of 4.3%". The outlook for jobs remain positive gauging from the March consumer confidence survey ...

Chief economist update: Good jobs bad jobs

BENJAMIN ONG  |  FRIDAY, 25 JAN 2019
... the unemployment rate has edged lower to 5% from 5.1% (taking this to two decimal points, Factset figures show the jobless rate down to 4.98% in December - the lowest rate since June 2011 (4.92%)). That's fine and dandy, Andy. These numbers are certainly ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... the June quarter from the nine-month low of 4.4% in the previous quarter ended five straight quarters of falling jobless rate. The risk is that the unemployment rate continues to climb. This is because while New Zealand business confidence has improved ...