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Showing 21 - 30 of 513 results for "Jobless"

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... of COVID-19. The Reserve Bank of Australia (RBA) has long said it will not consider lifting interest rates unless the jobless rate goes down. This was repeated at the final meeting of the RBA board in December 2020, where RBA governor Philip Lowe said ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... producing a grab-bag of headline-seeking announcements, the government expects another 160,000 Australians to be added to the jobless queues," Chalmers said. "Decisions taken by the Liberals in this Budget mean that the Morrison Recession will be deeper ...

Chief economist update: Is Dan still the man?

BENJAMIN ONG  |  TUESDAY, 8 SEP 2020
... that the extension of Melbourne's lockdown would cost an extra 260,000 jobs on top of the 432,000 Victorians rendered jobless due to the lockdown. Australian Bureau of Statistics (ABS) data reveals that around 700,000 Victorians became unemployed ...

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
There's good news and bad news in the US labour market report for July. First, the good news: The US Bureau of Labor Statistics (BLS) reported that total non-farm payrolls rose by 1.8 million in July - more than market expectations for an increase ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... shock, the Tasmanian unemployment is only 7.4% above the decade average," CommSec said. "Next best is Queensland, its 7.7% jobless rate being 27.7% above the decade average. The ACT comes next (29.4% above the decade average) from Victoria (33.2% above ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... according to the Australian Bureau of Statistics (ABS), had it not been for the decline in the participation rate, the jobless rate would have risen from around 8.1% to 11.3%. For sure and for certain, Victoria's second wave would put upward pressure ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
US Federal Reserve chair Jerome Powell has painted an optimistic picture of developments in the US economy while at the same time warning of extraordinary uncertainty. "As the economy reopens, incoming data are beginning to reflect a resumption of economic ...

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

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... 10% in June before settling at 9% by end-2020. The latest OECD (June report) was kinder, predicting the country's jobless rate to rise to 7.4% this year (under a single covid hit scenario) or 7.6% (under a double-hit). The gradual relaxation of social ...

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... quickly morphed into a financial shock and now has become an economic crisis," he said. "Since late March, weekly initial jobless claims have averaged 4.8 million compared to 306,000 over the previous decade. Continuous claims stand at nearly 23 million. ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... 14.7% in April -- its highest level on record - from 4.4% in the previous month (reality) and, mind you, the rise in the jobless rate happened despite the participation rate dropping to 60.2% (the least since January 1973) from 62.7% in March. But... ...