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Showing 71 - 80 of 964 results for "Unemployment rate"

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... slowing down as the Federal Reserve acts to bring down inflation." Biden went on to tout the nation's 3.6% unemployment rate, second quarter job creation and strong levels of consumer spending. Later at a press conference, he cited the data and said ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... weakened. However, despite these developments Powell said that the labour market remains extremely tight, with the unemployment rate nearing a 50-year low, job vacancies nearing record highs and wage growth elevating. Over the last three months US employment ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ...

Ord Minnett announces Perth office launch

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
... one of top performing economies in the world the economic fundamentals look excellent," he explained. "With an unemployment rate of 2.9% (the lowest across all states), there are a significant number of West Australians who require quality financial ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... prices. As a further justification for the implementation of the program, the board's decision was made while the unemployment rate was close to 7% and inflation was well below its target band. At the KangaNews DCM Summit, assistant governor Christopher ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... said Australia's economic resilience is particularly evident in the labour market, citing the declining unemployment rate and record high labour force participation. "The central forecast is for the unemployment rate to decline to around 3.5% by ...

Real unemployment far higher than ABS claims: Roy Morgan

ANDREW MCKEAN  |  TUESDAY, 19 APR 2022
While Australia's unemployment rate has fallen to its lowest level since the pandemic began, there are still millions who remain unemployed or under-employed. Unemployment and under-employment are rife, with the latest Roy Morgan findings showing that ...

Government flags $17.9bn infrastructure spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... and security for businesses and communities across the country." Treasurer Josh Frydenberg added: "With the unemployment rate already at an equal 48 year low, the measures in this Budget will create an additional 40,000 jobs across Australia, building ...

US, UK hike interest rates

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... since 2018. Effective from March 17, the US Federal Reserve increased interest rates by 0.25% to 0.40%. The US unemployment rate is reportedly hovering at around 3.8% and inflation is 7.9%. "The least interesting thing about today's rate hike, was today's ...

Learn to live with inflation: BlackRock

CHLOE WALKER  |  FRIDAY, 4 MAR 2022
... cycles. The RBA really has little incentive from what we can see to crush the Aussie economy, with GDP, the unemployment rate and inflation, exactly where they want to be."