News

The number of Australians on JobKeeper has more than halved since September – but 1.5 million people still rely on it

The number of Australians being supported by JobKeeper has fallen by more than 2 million since September, with Treasurer Josh Frydenberg claiming a “remarkable recovery”. However, despite half a million businesses leaving the scheme, there are still 1.53 million Australians receiving the wage subsidy. Meanwhile, the unions are criticising the […]
The number of Australians on JobKeeper has more than halved since September – but 1.5 million people still rely on it
News

‘We are not running a blank cheque budget’: Scott Morrison has poured cold water on the idea of further economic support, and indicated there will be future spending cuts

Prime Minister Scott Morrison has told Australians they will eventually pay the price for record spending in the wake of COVID-19. The Morrison government has suggested budget repair would begin once unemployment falls to 6%, currently expected before the 2023-24 financial year, and will likely involve a mix of spending […]
‘We are not running a blank cheque budget’: Scott Morrison has poured cold water on the idea of further economic support, and indicated there will be future spending cuts
News

‘Undoing that good work’: Advocates are pointing to the damage that could be done if the government doesn’t extend JobSeeker

The federal government should permanently boost the JobSeeker payment despite promising new employment figures, says the Australian Council of Social Service (ACOSS). Fresh jobs data yesterday revealed the unemployment rate dropped 0.2% in December to 6.6%, but advocates say those promising numbers don’t tell the whole story. The JobSeeker Coronavirus […]
‘Undoing that good work’: Advocates are pointing to the damage that could be done if the government doesn’t extend JobSeeker
Markets

There are currently a record number of job vacancies in Australia – but the ‘odds are stacked’ against the unemployed

Australian businesses were hiring for a record 254,400 jobs in November. It marks huge job growth since August’s 206,100 vacancies, indicating growing employment. However, with unemployment hovering around 7%, there remains 3.7 unemployed Australians for each vacancy, at the same time government support is wound back. Visit Business Insider Australia’s […]
There are currently a record number of job vacancies in Australia – but the ‘odds are stacked’ against the unemployed