Business
Businesses cutting 90 jobs every hour as stimulus wound back – The New Daily
New figures suggest businesses shed another 30,000 jobs over the two weeks to October 17. That equates to roughly 90 jobs every hour.
New figures suggest businesses shed another 30,000 jobs over the two weeks to October 17.
That equates to roughly 90 jobs every hour.
Released by the Australian Bureau of Statistics on Wednesday morning, the data points to continued job shedding across the country after cuts to JobSeeker and JobKeeper at the end of September.
But some economists remain unconvinced that the two events are linked and have raised concerns about the data’s reliability.
The latest figures show payroll jobs fell 0.8 per…
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