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Showing 321 - 330 of 1723 results for "Unemployment"

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... that for every extra week the current restrictions remain in place, the Australian economy will lose $4 billion. Unemployment is also expected to double, to 10%, in the June quarter marking the highest unemployment rate in over two decades. "If these ...

Unemployment already over 15%: Roy Morgan

KANIKA SOOD  |  MONDAY, 4 MAY 2020
April unemployment data released by Roy Morgan today paints a far gloomier picture of Australia's workforce than the Australian Bureau of Statistics' latest data from March. Roy Morgan found 15.3% of the workforce (2.16 million people) were unemployed ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
US bourses fell overnight after data revealed 3.8 million Americans filed for unemployment last week. Over the past six weeks, 30.3 million Americans have filed claims for unemployment benefits as businesses shutter thanks to coronavirus shutdowns. ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... Department of Labor reports that more than 30 million Americans - around 18% of working population - applied for unemployment benefits in the six weeks to 25 April, making the 7.5% drop in personal spending in March (released on the same day) - the sharpest ...

Aussie analysts share COVID-19 investment tips

ALLY SELBY  |  THURSDAY, 30 APR 2020
... been ignoring warnings of economic downfall to push markets higher. "The economy is telling us one thing - GDP and unemployment are at their worst in history - but the market is happy to buy and is heading higher. So I don't know if I am bullish ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... maintain (some of) the status quo," Morley and Holden said. "Even with them, it is entirely reasonable to expect the unemployment rate to climb into double digits as 15-20% of the workforce lose their jobs." The government's $130 billion JobKeeper payment ...

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... to significant changes to base case economic forecasts linked to COVID-19, like lower economic growth and higher unemployment, and increasing the weighting applied to the downside economic scenario and the likelihood conditions could deteriorate further. ...

VIC, TAS lead Australia: CommSec

ELIZA BAVIN  |  MONDAY, 27 APR 2020
... Additionally, the ACT overtook NSW into third position with its highest ranking in over a year, leading the way on relative unemployment, housing finance and equipment investment. NSW slipped to fourth place, with South Australia and Queensland sitting ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... quarter. Total hours worked in Australia are likely to decline by around 20% over the first half of this year." "The unemployment rate is likely to be around 10 per cent by June, although I am hopeful that it might be lower than this if businesses are ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... stress testing. "What sort of scenarios are assumed for stress tests such as, magnitude of market falls, levels of unemployment, magnitude of switching between options, and magnitude of switching between funds," Bragg said. The questions come after ongoing ...