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Showing 481 - 490 of 1723 results for "Unemployment"

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: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
... RBA's expressed optimism one month before deciding to reduce borrowing costs. More importantly, in spite of growth, unemployment and wages and inflation more or less relatively closer (even above) its long-term targets. Financial Standard had been ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... total of four this year. This is well and good and certainly a consequence of the revisions in the Fed's growth, unemployment and inflation forecasts in the June quarter: 2018 GDP growth was revised higher to 2.8% (from 2.7% predicted in the March ...

Chief economist update: A prelude to an RBA cut?

BENJAMIN ONG  |  WEDNESDAY, 6 JUN 2018
... conclusion: "The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual." It had been 23 ...

Chief economist update: Rush hour is over for the BOE

BENJAMIN ONG  |  TUESDAY, 5 JUN 2018
... decline since the third quarter of 2015. Still, as Carney reasoned, the country's robust labour market - the unemployment rate remained at a 42-year low of 4.2% in the three months to March - and the lead from the CIPS Survey where both the manufacturing ...

Chief economist update: Fed will go hiking in June

BENJAMIN ONG  |  THURSDAY, 24 MAY 2018
... economic activity had been rising at a moderate rate. Job 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 ...

Chief economist update: Forget asking for a pay rise

BENJAMIN ONG  |  FRIDAY, 18 MAY 2018
... (10K) of the jobs created (24.4K) in the month of March. How good is that! Not so fast. The bears have it too. The unemployment rate - the stat the RBA looks at - rose from 5.5% in March to 5.6% in April (the highest rate of joblessness since July last ...

Chief economist update: New RBNZ Governor maintains old policy

BENJAMIN ONG  |  MONDAY, 14 MAY 2018
... import price inflation, and subdued wage pressures." Certainly, New Zealand's labour market is "robust". The unemployment rate continued to fell for the fifth straight quarter to 4.4% in the March 2018 quarter - the lowest level since December 2008 ...

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: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... enough - GDP growth of 2.75% this fiscal year and then 3% per annum in the next four; so are the predictions for the unemployment and inflation rates - given current domestic macro-economic settings. Although I find that the Budget's assumptions on wages ...