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Showing 11 - 20 of 108 results for "US unemployment"

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... achieving this goal would take some time," said the US Federal Reserve in it's most recent minutes. While the US unemployment rate has fallen from the record high 14.8% recorded in April 2020 to 6.3% by January this year, it's still way above ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... the December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but ...

Chief economist update: V in US recovery at risk

BENJAMIN ONG  |  MONDAY, 7 SEP 2020
... transportation and warehousing (78,000), financial services (36,000) and manufacturing (29,000). Even better, the US unemployment had dropped back to single-digits, down to 8.4% in August from 10.2 in the previous month and the fourth consecutive month ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... economic challenges of the COVID-19 crisis in hand whether through monetary or fiscal measures." The Fed forecast US unemployment will fall to 9.3% in the final three months of the year from 13.3% in May, and decline to 6.5% in 2021. US GDP was projected ...

Chief economist update: US labour market turns V-shaped

BENJAMIN ONG  |  TUESDAY, 9 JUN 2020
... education and health services, and retail trade but while government jobs continued to decline. Equally ebullient, the US unemployment rate dropped to 13.3% in May versus 14.7% in April and market expectations for a continued climb to 19.8%, despite ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... Statistics (BLS) released actual non-farm payrolls numbers, underscoring the bother Uncle Sam finds itself in. The US unemployment rate soared to 14.7% in April -- its highest level on record - from 4.4% in the previous month (reality) and, mind you ...

A coronavirus-bitten cat bounce?

BENJAMIN ONG  |  TUESDAY, 7 APR 2020
... carnage (to be reported by statistical agencies) the virus has done to economies around the world. The jump in the US unemployment rate to 4.4% in March from 3.5% in February provides a preview. So has the sharp fall in PMI indices across the planet. ...

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

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... of the unemployment rate, Federal Reserve Bank of St. Louis President James Bullard's prediction that the US unemployment rate could hit 30% in the second quarter appears to be on target - eyeballing the charted correlation between initial jobless ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... unemployment - jumped by 70K to 281K in the week ended March 14. Still peanuts when you consider that the current US unemployment rate remains at a half a century low of 3.5%. However, the US Economic Policy Institute's (EPI) latest estimates provide ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... stats show that half of its dual mandate - full employment and stable (2% target) inflation - is responding. The US unemployment rate is at a 50-year low of 3.5% (November 2019) but inflation as measured by the Fed's preferred inflation gauge - the ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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