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Search ResultsShowing 1 - 10 of 100+ results for "ABS"
Chief economist update: Cheaper prices not a bargain
BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
Down, down, prices are down ... big time! The Australian Bureau of Statistics (ABS) reported that the country's headline inflation dropped by 1.9% in the June quarter - the largest quarter on quarter decline in the 72-year history that the statistician ...
Stimulus stutters amid record unemployment
ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... Unemployment has now hit 7.4%, the highest it has been in two decades, according to the Australian Bureau of Statistics (ABS). There were 210,000 jobs gained in the period but these were mostly driven by an increase in part-time employment, with the ...
Chief economist update: Stop right now, thank you very much
BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... national output. You too, Virginia, would be exclaiming the hallelujah when you see the Australian Bureau of Statistics' (ABS) 'Labour Force' report, the details of which all point to a "fight back". The economy added 210,000 jobs in June ...
Chief economist update: Victoria's secret
BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... unemployment rate surging from 5.2% in March to 6.4% in April to 7.1% in May - and according to the Australian Bureau of Statistics (ABS), had it not been for the decline in the participation rate, the jobless rate would have risen from around 8.1% to ...
Unemployment hits 21-year high
ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ...
Chief economist update: Honey, COVID-19 got me sacked
BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... March to 6.4% in April to 7.1% in May - doesn't surprise. In fact, according to the Australian Bureau of Statistics (ABS): "Had the increase in the number of people who were not in the labour force between April and May (142,000) been a further increase ...
Chief economist update: Australian Renaissance
BENJAMIN ONG  |  MONDAY, 15 JUN 2020
... technical recession -- Federal Treasurer Josh Frydenberg acknowledged as much after the Australian Bureau of Statistics (ABS) released figures showing that GDP contracted by 0.3% in the March 2020 quarter - the 'OECD Economic Outlook, June 2020' ...
Hundreds of billions ripped from super
HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... billion, the industry had crossed the $3 trillion mark in December of 2019, just months before the pandemic arrived. The ABS said super assets invested in shares lost almost $111 billion during the quarter, representing a 23% fall. According to Rainmaker ...
Chief economist update: Australian recession - the next generation
BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... about where the June quarter is expected to be." Frydenberg's statement comes after the Australian Bureau of Statistics (ABS) released its March quarter 2020 National Accounts report that showed the economy contracted by 0.3% in the first three months ...
GDP figures reveal start of COVID-19 impact
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this was the slowest through-the-year growth since September 2009, in the midst of the Global ...
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