Business
JobSeeker and JobKeeper reductions to test Australia’s wobbly economic recovery amid coronavirus – ABC News
Australia’s economy has fared relatively well so far through the COVID-19 pandemic, but it’s done so on the back of record government support. Support that is being gradually withdrawn from today.
The patient is still limping badly but their crutches are being replaced with a walking stick. The question is whether they can remain standing or will fall, and we’re about to find out the answer.
Key points:
- The latest ABS data show Australia has regained about half the jobs it lost since the COVID-19 pandemic started
- Hospitality and recreation had strong jobs growth over the past few months, but are still a long way down on pre-pandemic employment
- Economists warn tha…
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