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Showing 71 - 80 of 928 results for "unemployment rate"

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%. ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 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. Fortunately for US Treasury Secretary Janet Yellen, she was quick ...

Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
... since World War II - this year from the February 2021 estimate of 5.0%. Likewise, the BOE now forecasts the unemployment rate to peak at 5.5% later this year - as significant drop from the 7.75% it predicted three months earlier. The BOE believes that ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 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. This jobless rate ...

Women participation rate booms

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... highest female participation rate in the workforce ever at 61.8%, up from February data of 61.4%. Overall, the unemployment rate declined to 5.6%, down from 5.8% month on month, with around 71,000 jobs created. Of those, 55,400 or 78% were filled by ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... circle of virtue is gaining momentum. Here are the key stats of the seasonally adjusted estimates for March 2021: Unemployment rate decreased to 5.6% - the lowest level since March 2020 - from 5.8% in February Participation rate increased to 66.3% - ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
... expected to remain below 2 per cent over the next few years." But when? Historical data shows that even when the unemployment rate dropped to multi-decade lows of around 4.9% back in 2011, wages growth remained subdued and measured inflation rose only ...

Chief economist update: Positive feedback loop

BENJAMIN ONG  |  TUESDAY, 6 APR 2021
... employment since August last year and is significantly higher than consensus expectations for a 647,000 gain. The unemployment rate declined to 6.0% in March from 6.2% in the previous month and the all-time high of 14.8% recorded in April last year. ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... vaccinate every adult (18 and older) in the country by July 4" - just in time for Independence Day. While the US unemployment rate -- at 6.2% in February - remained well-above pre-pandemic levels - 3.5% in February 2020 and 4.4% in March 2020 - the Conference ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... report shows total employment is 1800 scalps short of the tally recorded last year before the pandemic and the unemployment rate dropped to 5.8% - the lowest level since March 2020. This is good news for the Morrison government which just ended JobKeeper ...