General
JobKeeper recipients drop by half in a single month as Treasurer hails economic recovery from coronavirus
Treasurer Josh Frydenberg says a fall in the number of people receiving JobKeeper wage subsidies is a sign of momentum in the economy.
Key points:
- The number of workers having their wages subsidised dropped significantly in October
- Josh Frydenberg says it’s because fewer businesses can now show their turnover has dropped by 30 per cent
- By the end of September, the Government had already spent nearly $70 billion on JobKeeper
The number of workers whose wages were being subsidised by the program dropped from 3.6 million in September to 1.5 million in October.
“We’re seeing strong momentum in the economic recovery and the JobKeeper numbers for the month of October are better than what we forecast at Budget,” Mr Frydenberg said.
“Certainly, things…
-
Noosa News22 hours agoYou Can Save up to 43% on Power with BLUETTI’s EOFY Sale
-
Business20 hours agoAustal share price smashes new record high as takeover rumours swirl again
-
Business21 hours agoIs Google the cheapest “Magnificent Seven” stock you can buy today?
-
Noosa News20 hours agoMore than 250kg of cocaine found in Brisbane shipping container as police foil $82 million drug plot