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| | | 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 ... |
| | | | 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. ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... has already deteriorated markedly just weeks into its lockdown - 701,000 workers lost their jobs in March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based on the IMF's April "World Economic Outlook" ... |
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