unemployment

Financial planning

Budget 2022: Unemployment to reach 48-year low in September

Unemployment is forecast to reach 3.75% in the September quarter of 2022, the lowest since 1974, with the Government signalling rising wages as the ticket out of inflatio...

Financial planning

Official unemployment rate hides real market story

Despite the surprise of a drop in the unemployment rate to 6.8%, it covers up a weaker underlying market story, according to BetaShares’ chief economist....

Editorial

There is a case for deferring, not cancelling a rise in the SG

By the time Australia kicks off 2021, many more businesses will be closed and many more people will be officially unemployed, as opposed to the synthetic unemployment rat...

Financial planning

Aussies fearful of costs in uncertain environment

Some 40% of Australians say they are living paycheque to paycheque in this uncertain environment, according to Finder, as Treasurer Josh Frydenberg announces Australia’s ...

Financial planning

Financial services jobs see boost

Despite much of the job market struggling due to the COVID-19 pandemic, financial and insurance services have seen a boost in openings in June. ...

Funds management

Equities still risky despite optimistic signs

Downward earnings revisions and bearish signals are still indicating headwinds in the US economy in a similar way to 2008, despite any short-term market rallies, accordin...

Life/Risk

TPD ADL regime up for change

Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “very tough”, the major insurers have flagged key changes ...

Financial planning

Women hit harder by COVID-19 job losses

The high percentage of female staff in COVID-19 affected sectors such as retail and arts means women are being hit harder by economic effects of the pandemic....

Funds management

Economic activity in developed markets expected to recover in H2

Economic activity in developed markets is expected to recover in the second half of the year, but the shocks in some parts of the world could last longer. ...

Funds management

COVID-19 bigger shock than WWII to Aussie economy and workforce

Around 3.92 million Australians are either unemployed or under-employed as social distancing restrictions have largely shut-down customer-focused industries, according to...

Financial planning

JobKeeper measures a ‘game changer’: Westpac

Westpac has revised downwards its expectations for unemployment from 11% to 9% in light of the newly-unveiled JobKeeper proposals....

Financial planning

Expect 11% unemployment peak warns Westpac

Unemployment in Australia could reach 11% by June, according to Westpac chief economist Bill Evans, up from its original forecast of 7%, in light of the “extraordinary ti...

Financial planning

Fixed income investors spooked by falling house prices

Australian fixed income investors believe falling house prices pose the biggest risk to credit markets with 95 per cent expecting prices to fall further....

Policy & Regulation

Ratings agency points to economic challenges

International ratings agency, Fitch Ratings has pointed to some significant economic challenges confronting the re-elected Coalition Government....

Life/Risk

Finance jobs are growing the economy

Growth was the strongest in finance and insurance jobs, increasing by 9.9 per cent over the year, and contributing to overall employment growth in the labour force....