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Showing 61 - 70 of 927 results for "unemployment rate"

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... because overall, there is judged to be spare capacity in aggregate in the economy at present." The country's unemployment rate may have dropped to an eight-month low of 4.7% in the three months to April but "it is likely that labour market slack ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... first five months of this year, more than making up for the 96,400 positions lost in 2020. The ABS said the unemployment rate fell to 5.1%, which was below March 2020 (5.3 per cent) and back to the level in February 2020 (5.1%) - lower than expectations ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... projections bear this out, upgrading this year's GDP growth to 7.0% from the 6.5% rate forecast in March, with the unemployment rate steadily improving from 4.5% this year to 3.8% in 2022 and 3.5% in 2023. The Fed's PCE price inflation - its ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... 7.25% -- the fastest rate since World War II - this year from the February 2021 estimate of 5.0% and for the unemployment rate to peak at 5.5% later this year - as significant drop from the 7.75% it predicted three months earlier. But with indications ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... market continues to improve despite the withdrawal of the government's JobKeeper scheme. The country's unemployment rate fell from 5.7% in March to 5.5% in April - just 0.2 percentage points (or 33,000 people) above the start of the pandemic ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... output gap from negative to a big positive. This is supported by its unemployment and inflation forecasts. "The unemployment rate is assumed to have peaked at 5.2% in the September 2020 quarter. Over the projection, the unemployment rate is assumed to ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... recipients "may lose employment at the completion of the program" when it's retired on March 28 and that "the unemployment rate could rise a little over coming months" and some, if not many, businesses would fold. Economic surveys and stats released ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... Australian economy is certainly recovering faster than expected and the labour market has improved significantly. The unemployment rate dropped to 5.6% in March after jumping to 7.5% in July last year -- its highest level in 22 years. But it would take ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
... (-146,000) estimates combined to show that employment was 78,000 less than previously reported. Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. But on the third day, it rose again, when the same bureau reported ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... COVID-19 has improved the budget position from initial projections, with a significantly lower than expected unemployment rate. The unemployment rate currently sits at 5.6%, which is lower than pre-pandemic levels, and the economy contracted just 2.5%. ...