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Showing 291 - 300 of 1722 results for "Unemployment"

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ...

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

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... just emerging from isolation and many businesses still locked down or operating with limitations, the rising rate of unemployment - from 5.2% in March to 6.4% in April to 7.1% in May - doesn't surprise. In fact, according to the Australian Bureau ...

Chief economist update: COVID-19 nightmare makes Brexit a dream

BENJAMIN ONG  |  THURSDAY, 18 JUN 2020
... previous month. Worse, despite the government's recent pandemic initiatives (which limited the deterioration in the unemployment rate - 3.9% in April from a half-century low of 3.8% in November 2019), those claiming unemployment insurance more than ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... money printing from the Fed and trillions of dollars provided under the CARES Act - one time cheques and increased unemployment insurance. Glory, glory hallelujah! For there'll be more money, money, money rolling in. On June 15, the Fed announced ...

Government urged to extend stimulus

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... The OECD said there is ample fiscal space to support the economic recovery as needed and the scarring effects of unemployment should be alleviated through education and training, as well as enhancing job search programmes. "Firms should continue to be ...

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: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... (instead of the 2.0% expansion forecast in December 2019) before rebounding to 5.0% in 2021 and 3.5% in 2022; the unemployment rate to rise to 9.3% in 2020 and decline to 6.5% in 2021 and 5.5% in 2022; the PCE price inflation would decelerate from 1.4% ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... landlords collected 90 to 95% of last year's rent. "Over the long term there are cyclical headwinds which include higher unemployment rates and lower GDP growth, impacting tenant demand, vacancy rates and market rents," Pham said. "Importantly, COVID-19 ...

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 ...

Economic outlook not as bad as predicted: RBA

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 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. "Over the past month, infection rates have declined in many countries and there has been some easing of restrictions ...