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Showing 31 - 40 of 964 results for "Unemployment rate"

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... weaker data going forward. While the so-called Sahm rule, which signals a recession when the three-month average unemployment rate rises more than 0.5 per cent from its 12-month low, was triggered in July, a broader range of indicators are not consistent ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... many households have some wriggle room if they were to get into financial difficulty, particularly given the unemployment rate is forecast to continue to lift," he said. "But overall, we do not factor in any drawdown of money sitting in mortgage offset ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... experienced such a vicious two-day sell-off." Ho said Australian traders were spooked by the unexpected jump in the US unemployment rate to 4.3% - a near three-year high. "That triggered the Sahm rule, which holds that a recession is likely underway ...

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1% in June, according to data released by the Australian Bureau of Statistics (ABS). While a lower unemployment rate is normally a good sign for the economy, VanEck ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...

Financial services firms concerned about attracting staff

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... market. On one side the labour market is slightly softening with more candidates available but on the other hand, unemployment rate, although on the rise, continues to hover historically low with a persistent demand for skilled talent. But despite demand ...

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... 8.6% above its long-term average, while Victoria took third place with 8.5%. South Australia had the lowest unemployment rate (3.8%) which is 35.8% below its decade average. Western Australia came second with a jobless rate of 3.6%, which is 32.2% below ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... Rule, a recession indicator that signals that a recession begins when the three-month moving average of the unemployment rate rises by 0.5% or more from its lowest point in the past year has flashed red. Although, the national US unemployment rate has ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... and growth in labour and non-labour costs eases. Employment is expected to continue to grow moderately and the unemployment rate and the broader underutilisation rate are expected to increase a bit further." This is the first time the RBA has convened ...

Agricultural sector in for a mixed 2024: Outlook

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... low Australian dollar," Rural Bank said. The cost of seasonal labour will also remain high, driven by the low unemployment rate and minimum wage awards. "A more favourable economic environment is expected to begin supporting agricultural markets in the ...