QIC QPod

Take Ten – 19 June


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Are we seeing one of the worst surges in unemployment ever recorded in Australia? This week the ABS has noted the largest monthly increase in unemployment in almost 30 years, from 6.2% in April to 7.1% in May.
Listen to this week’s episode where our Chief Economist, Dr Matthew Peter, dissects what this all means, as the forecasts for unemployment varied between economists, and how the signs for recovery are looking promising as recent weeks employment has been gradually climbing. Can we expect a flip from net monthly job losses in May to monthly job growth in June?
We also hear Dr Peter speak to:
- Whether the RBA should be taking other central banks policies seriously
- What investors should be thinking about for the week ahead
Disclaimer:
This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.
Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.
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