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Showing 61 - 70 of 1721 results for "Unemployment"

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 ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... economy away from the brink of recession." Markets were thrown into chaos just last month after higher-than-expected US unemployment numbers suggested a recession may be on the horizon, with many believing the US central bank will need to cut rates. ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... that 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 ...

What Yarra Capital is buying in the dip

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... were rocked at the start of this week over fears of a potential US recession after a higher-than-expected jump in US unemployment figures. But Yarra Capital head of macro and strategy Tim Toohey said while the risk of a recession in the US has risen ...

Chalmers 'confident but not complacent' on economic prospects

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... sustained a major sell-off, with the ASX losing $102 billion on Monday, after US data revealed an unexpected spike in unemployment. Global markets have since staged a gradual comeback, but investors are wary of economic indicators coming out of the US. ...

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 ...

CommSec names top state for economic performance

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
... most consistent performer, taking out the top spot on three of the report's eight key economic indicators - relative unemployment, construction work done, and dwelling starts. Western Australia remains in the second spot and is fast closing-in on first ...

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 ...

Mercer Super chalks up 11.2% return

ANDREW MCKEAN  |  THURSDAY, 18 JUL 2024
... high over the next 12 to 18 months because of "key elections." The global economic outlook, however, has improved as unemployment is expected to remain low. There is also potential for interest rates to be lowered as inflation continues to moderate. ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... making a case for cuts to stimulate economic growth." Green added that beyond CPI, other economic indicators suck as unemployment rates and consumer spending suggested that the US economy may not need the high-interest rate environment for much longer. ...