Published: April 13, 2020
Josh Frydenberg says jobkeeper payment to help businesses keep staff on during lockdown has kept jobless rate from hitting 15%
The federal government is bracing for 10% unemployment when jobless figures for the June quarter are released, almost twice the level of 5.1% recorded in February before the fight against the coronavirus closed businesses and pushed workers out of jobs.
But the government is already is arguing the jobs disaster for the three months to June could have been more like 15%. The only thing stopping this was the $130bn jobkeeper scheme passed by parliament last week to subsidise the wages of staff kept in employment.
Continue reading...from The Guardian https://ift.tt/2JZVO0P
via
0 Comments