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Showing 1 - 10 of 512 results for "Jobless"

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... had the lowest unemployment rate (3.8%) which is 35.8% below its decade average. Western Australia came second with a jobless rate of 3.6%, which is 32.2% below its decade average. When it comes to the total real value of residential, commercial, and ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
The Bank of England's (BoE) Monetary Policy Committee has voted five to four to hold the policy rate steady at 5.25%, while unanimously agreeing to reduce the stock of UK government bond purchases by £100 billion over the next year. In halting a run ...

Australian CPI accelerates to 7.3%

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
... increase at the Reserve Bank of Australia's first meeting in February with a terminal rate of 3.85% by mid-2023. He added jobless rates will most likely remain at current levels in the first quarter while consumers splashing cash now may pull back in ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

Economic recap: Week to October 8

BENJAMIN ONG  |  MONDAY, 11 OCT 2021
... CPI inflation averaged 1.84% in 2019 (the year before the covid-19 pandemic struck) at the same time that the average jobless rate has fallen to 3.7% -- the lowest level since the late 1950s. The same could be observed across many, if not most, global ...

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
The continued spread of the Delta variant in most parts of the world - even in New Zealand despite being locked down after only one case - and reduced vaccine efficacy - as demonstrated by the rise in infections in Israel (one of the very first country ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... below the March 2020's (when the pandemic and lockdowns began) 5.3% and the eight-consecutive month of decline in the jobless rate. Overseas, the biggest market mover was the faster-than-expected jump in US CPI inflation measures. Overall consumer ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... 2020 (5.1%) - lower than expectations for an unchanged print at 5.5% and the seventh straight month of decline in the jobless rate. Even better, this comes amid the rise in the participation rate from 65.9% in April to 66.2% in May - a whispering distance ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... March and 3.2% in December 2020. This stronger economic growth would boost the labour market with the RBA expecting the jobless rate to continue to fall "to be around 5% at the end of this year and around 4.5% at the end of 2022". As for inflation, it's ...

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

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... pandemic and 2.0 percentage points below the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. Moreover, Australian business conditions jumped to a new all-time high reading of 32 in April, bettering what was ...
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