This Thursday Employment/unemployment (March) will be released. That would be the highest jobless rate since April 1994, when Australia was still recovering from the 1990-91 recession.
Seven hundred thousand Australians could lose their job by the middle of the year as the unemployment rate reaches its highest level in 26 years, but Treasury modelling also reveals it would have been much worse without the JobKeeper program.The analysis shows Treasury had expected unemployment, which edged down to 5.1 per cent in February, to triple to 15 per cent as businesses stood down staff and closed their doors in response to the coronavirus pandemic.Instead, it believes the $130 billion wage subsidy program that was approved by the federal Parliament last week will result in the jobless rate reaching 10 per cent in the June quarter.
How would the market go? Another “Green Day” because so many people lost their jobs? And why?
- Forums
- ASX - By Stock
- we should buy BBOZ
This Thursday Employment/unemployment (March) will be released....
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online