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Showing 341 - 350 of 1722 results for "Unemployment"

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... agency said it expects GDP to shrink in 1H20, with only a modest recovery starting in 2H20 and extending into 2021. "Unemployment is likely to spike sharply and remain very elevated relative to pre-pandemic levels even after the recovery is underway," ...

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. ...

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
... be the worst on record, according to Bank of America economists. It comes as about 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the country's Labor Department in its history. It brings the ...

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
... increased outflows," he said. "Other challenges will include decreased contributions from members (driven by a rise in unemployment) and a shift into cash or defensive investment options." But, there is also opportunity in every crisis, he said. "For ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... what the price reductions will be, if these projections are correct, they will be highly likely across Australia as unemployment and underemployment materially increase," he said. "And this is the first problem for the majority of people when they buy ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... billion but Rice Warner believes the number could be much higher, in the $40 billion to $50 billion range owing to unemployment picking up since the Treasurer's announcement of the estimate. The House of Representatives Standing Committee on Economics ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... biggest ever stimulus package has economists chopping their forecasts GDP contraction by as much as 80% and their unemployment rate predictions nearly halved from 16% to just around 8.5%. So much so that the All Ordinaries index surged by 6.6% on the ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... hardest by the ongoing COVID-19 pandemic with many, especially those in the hospitality industry, already facing unemployment. These funds now face a series of challenges at once: their members are likely to be young with lower balances, may be facing ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
As unemployment continues to rise, latest analysis of the implications of the government's early access to super initiative has seen the estimated cost of the measures almost double. Research house Rice Warner has assessed the impact of the government's ...

Will COVID-19 infect mortgages and RMBS?

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... Trobe's working case for the economic outlook in terms of COVID-19 is slightly bleaker than others. It predicts 12.5% unemployment and -6.9% GDP. Bill Evans at Westpac is more optimistic, predicting -3.50% GDP and 11.1% unemployment. Others, like ...