Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 108 results for "US unemployment"

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... recession from the December quarter of 2007 to the June quarter of 2009. But perhaps, this time is different. The US unemployment rate is at near 49-year lows at 3.7% (July)... but it was also clocking multi-decade lows (4.4% December 2006) before the ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... and 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter -- the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later. More worrying at this point in time is the fact that central bank ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter - the 1930s depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later. It took more than a decade for the Smoot-Hawley Tariff Act to ...

Chief economist update: Fed will go hiking in June

BENJAMIN ONG  |  THURSDAY, 24 MAY 2018
... gains had been strong, on average, in recent months, and the unemployment rate had stayed low." True that. The US unemployment rate was clocked at 3.9% in April. This is the lowest jobless rate since an equal 3.9% in December 2000 - that's around ...

Chief economist update: BOE fails market expectations

BENJAMIN ONG  |  FRIDAY, 11 MAY 2018
... year. This is the message from the just-released US CPI report for April. Despite the continued improvement in the US unemployment rate - down to 3.9% in April - and the continuing ascent in crude oil prices, headline CPI inflation only managed a small ...

Chief economist update: It's not just the trade war

BENJAMIN ONG  |  MONDAY, 26 MAR 2018
... 1929 and 1933 and its exports plunged by 61%. We all know what happened thereafter - the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later. No amount of Trump's pandering to the US populace will get him ...

Chief economist update: Trump spoils for war

BENJAMIN ONG  |  FRIDAY, 2 MAR 2018
... 1933 and its exports plunged by 61%. Ouch! We all know what happened thereafter - the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later. For sure, the world is in a much better place now than in the 1930's ...

A case for faster wages growth (or not)

BENJAMIN ONG  |  WEDNESDAY, 6 DEC 2017
... since February last year and below the 3% - 3.5% annual growth rates recorded before the GFC. This, despite the US unemployment rate dropping to a 17-year low of 4.1% in October and had been at or below the pre-GFC low of 4.4% for seven months runnin ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
... declines in prices of wireless telephone services and prescription drugs..." Inflation isn't lifting despite the US unemployment rate (4.4% in June) falling below estimates of NAIRU (4.9% OECD; 4.5% Oxford Economics) over the past months. It could be ...

The Trump risk on global trade

BENJAMIN ONG  |  FRIDAY, 14 JUL 2017
... and 1933 and its exports plunged 61%. Ouch! We all know what happened thereafter - the depression deepened. The US unemployment rate jumped from 7.8% in 1930 to 25.1% three years later.