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Return to pre-coronavirus JobSeeker rate could cost 145,000 jobs – ABC News
Economists are warning of a $31.3 billion hit to the economy and an average of 145,000 job losses over two years if the JobSeeker welfare payment reverts to pre-pandemic levels.
Economists are warning of a $31.3 billion hit to the economy over two years if the Jobseeker welfare payment reverts to pre-pandemic levels.
Key points:
- An analysis has found winding back JobSeeker would reduce the size of the economy
- The coronavirus supplement is due to be cut by $300 from September 25 and is due to end at the end of the year
- Economists say the supplement will help encourage spending while the economy recovers
A Deloitte Access Economics …
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