LINGERING concerns about the US economy pushed the stock market lower for a fourth straight day. Continue reading
Tag Archives: unemployment
Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. Continue reading
Australian face unemployment
CLOSE to a million Australians face unemployment as the nation’s economy plunges into recession, a leading economic forecaster warns.
But Access Economics expects the recession to be less severe in Australia than in other countries. Continue reading
Rates set to increase
Interest rates expected to rise when recovery starts
Prepare for a series of interest rate hikes ahead of the next federal election. Continue reading
Mortgage stress down – concern is all about jobs
THE proportion of Australians feeling mortgage stress has fallen despite the global financial crisis, although the threat of unemployment looms large. Continue reading
Further unemployment in the retail sector
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ABOUT 220 workers face an uncertain future when shoe chain Shoobiz shuts down 43 stores across Australia. Continue reading
Interest rates going down – unemployment going up
The RBA governor has not ruled out cutting interest rates in January – a month when the RBA board does not normally meet. Continue reading
Staff losing jobs at charity job network
MISSION AUSTRALIA has joined the Salvation Army in announcing retrenchments in their Job Network agencies, just as unemployment is expected to rise. Continue reading
Confirmation the US is in recession sends Wall Street tumbling again
Confirmation of†a US recession sent Wall Street stocks tumbling overnight.
The Dow Jones Industrial Average sank 7.7 per cent. Continue reading
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