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Showing 351 - 360 of 1722 results for "Unemployment"

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

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
The numbers are in, and the US Economic Policy Institute's (EPI) estimate of unemployment claims, if not right on the dot, was way inside the ballpark. EPI estimated 3.4 million workers filed for unemployment in the week ended March 21, that it ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... that the hiring freeze would likely last for a few weeks. A recent National Australia Bank market research note said unemployment is likely to continue to rise following the COVID-19 pandemic and subsequent shutdown. "More recent anecdotes suggest most ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... restoration in private sector balance sheets, it said. "This combination will provide a steadfast foundation to bring unemployment down and create positive reinforcing feedback loops in terms of activity, profits, labour market gains and investments," ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... can produce ~$4T in total liquidity; $150B for state and local stimulus funds; $130B for hospitals; and expanded unemployment benefits," according to Factset. The news generated optimism in the markets but the overriding question is will this new-found ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 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 release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... The size of the economic shock coming down the line is significant. We don't know yet but it could be that the unemployment rate is 20% in a few weeks," Coates told Financial Standard. "Cancelling SG [temporarily] is more challenging as it had to ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... he said. "Throw on top of this a likely fall in house prices, an increase in defaults or arrears from lenders as unemployment jumps - and the banks are bearing the brunt of a lot of the problems hurled up by COVID-19." Conway also believes the future ...

Frontier warns super fund clients of recession

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
... modelling says there is a risk of 317,000 job losses if COVID-19 shocks stretch out through the year because the unemployment rate could rise about 2.5% above the baseline. The slowdown may dwarf the government's $17.6 billion stimulus package. Frontier ...

Banks defer small business loan repayments

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... business, as the nation introduces measures to combat the impact of COVID-19. The ABA said the move is designed to combat unemployment and will apply to over $100 billion of existing small business loans. ABA chief executive Anna Bligh said that depending ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
... recent efforts and promises to do more to contain the fall-out from the virus should help limit business closures, unemployment, debt defaults and all other nasty consequences of this on-going global crisis.