Treasury Secretary Steven Kennedy says while thousands of jobs will be placed at risk as JobKeeper is brought to an end he is confident the bump in unemployment will be short-lived. The Morrison government has forged ahead with its plans to end the JobKeeper subsidy this Sunday. Approximately 1.1 million people will lose the wage subsidy at the end of March placing at risk a predicted 150,000 jobs and 110,000 small businesses. It is expected the unemployment rate will peak at 7.5 in the March quarter before dropping to 5.7 per cent.
from Breaking National News and Australian News | Daily Telegraph https://ift.tt/3cjqyZt
Wednesday, March 24, 2021
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