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Showing 1 - 10 of 104 results for "US unemployment"

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... unemployment rate rises by 0.5% or more from its lowest point in the past year has flashed red. Although, the national US unemployment rate has risen by 0.3%, 21 US states have triggered the 0.5% threshold, which has never happened before without a recession ...

Bonds are back: GSFM

CHLOE WALKER  |  WEDNESDAY, 25 JAN 2023
... low. I can remember when man walked on the moon, and that was the last time (until the last year or two) that the US unemployment rate was at 3.5%. So there's an expectation that if we avoid recession, the Fed can thread the needle." He continued ...

US, UK hike interest rates

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... time 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 ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... figures for the previous two months were revised upwards by a total of 119K - 31K in May and 88K in June. The US unemployment rate dropped from 5.9% in June to 5.4% in July - better than market expectations for a decline to 5.7%. This is the lowest level ...

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: Wall Street can't have its cake and eat it

BENJAMIN ONG  |  WEDNESDAY, 24 FEB 2021
... measures - no matter how inflation is measured - remain below the Fed's 2.0% inflation target. In addition, the US unemployment rate which stood at 6.3% as at January 2021 remains far above the 50-year low 3.5% before covid-19, not enough to put ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
... achieving this goal would take some time," said the US Federal Reserve in it's most recent minutes. While the US unemployment rate has fallen from the record high 14.8% recorded in April 2020 to 6.3% by January this year, it's still way above ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... the December quarter from -2.8% in the September quarter and the sharp 9.0% drop in the June 2020 quarter. The US unemployment rate tells the same narrative. It's dropped to 6.7% in December 2020 from the record high of 14.8% recorded in April but ...

Chief economist update: V in US recovery at risk

BENJAMIN ONG  |  MONDAY, 7 SEP 2020
... transportation and warehousing (78,000), financial services (36,000) and manufacturing (29,000). Even better, the US unemployment had dropped back to single-digits, down to 8.4% in August from 10.2 in the previous month and the fourth consecutive month ...

US GDP to contract 6.5%: Fed

ELIZA BAVIN  |  THURSDAY, 11 JUN 2020
... economic challenges of the COVID-19 crisis in hand whether through monetary or fiscal measures." The Fed forecast US unemployment will fall to 9.3% in the final three months of the year from 13.3% in May, and decline to 6.5% in 2021. US GDP was projected ...
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