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Policy
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPREVIEW: April Labour Force..........>
AUSTRALIA DATA: PREVIEW: April Labour Force Survey; Unempl seen +7.2% vs 5.2%
Mar
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-- Markets are expecting unemployment to increase to more than 7% as the
Covid-19 disruptions impacted the economy in April. This would equate to around
500,000 people losing their jobs.
-- In its Statement on Monetary Policy last week the Reserve Bank of Australia
forecast that unemployment will top out at 10% in the June quarter. The RBA
believes high unemployment will persist for some time, and be at 8.5% in
mid-2021.
-- RBA Governor Philip Lowe recently said he expected hours worked to fall by
20% in the June quarter, a result he called a "staggering number."
-- The April number would likely be much higher if not for the Federal
Government's AUD130 billion JobKeeper program, which covers around 5 million
workers, many of whom would otherwise be jobless and adding to the latest
unemployment number.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.