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Showing 331 - 340 of 1722 results for "Unemployment"

Millions jobless within weeks: Grattan

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... the hit, and with Grattan also of the belief that the six-month JobKeeper package will obscure much of the rise in unemployment to come over the next few months. Nevertheless, the institute still believes Australia's unemployment rate will rise to between ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... Australian Bureau of Statistics' (ABS) reported that employment increased (yes, it's up) by 5900 in March and the unemployment rate ticked up by an itsy-bitsy-teenie-weenie 0.1 percentage point to 5.2% from 5.1% in February. It's a beaut! ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... Kirkham said RBA governor Philip Lowe's objective of generating a sustained inflation rate of 2%-3% per year and an unemployment rate that approaches 4.5%, has provided the market with clear signposts for future upward movements in the cash rate. Kirkham ...

COVID-19 could end Centrelink stigma

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... down entire industries in its attempt to slow the spread of the virus, demand for JobSeeker (a rebrand of Newstart) unemployment benefits was so high that the MyGov website repeatedly crashed. The Prime Minister has since said that 6000 public servants ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... on getting America back to work, and soon. More to come!" It comes as the Australian Bureau of Statistics reports unemployment remained steady in March at 5.2% (lifting just 0.1% from February's figures). During the month of March, unemployment increased ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... hit, tight financial conditions persist, or if widespread scarring effects emerge due to firm closures and extended unemployment." How quickly the coronavirus is murdered is the key. As US Fed chair Jerome Powell declared: "If we get the virus spread ...

Economic impact worst since WWII: Research

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... Businesses within customer focused industries such as hospitality and retail have shut down in many instances, causing unemployment and underemployment to rise from 2.16 million or 15.6% of the workforce, to 3.92 million, representing 27.4% of the workforce. ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... have many members - the bulk of which work in the hospitality and tourism industries - who have been thrust into unemployment. On 9 April 2020, Hostplus updated its Product Disclosure Statement including a clause in its terms and conditions stating that ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... will likely be bleak. "I expect that in the next few weeks we will likely see some historically bad data reported - unemployment, consumer spending and business investment," he said. "This will be the major theme for markets. It is currently a fine-balancing ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... products. "COVID-19 will deliver a further hard blow," Rice Warner said. The firm highlighted the sudden spike in unemployment and general economic downturn on the way, and said their combined impact would "swamp" that of the "some death and disability ...