Business
JobKeeper lifeline will remain open for business – The Australian Financial Review
A newly tapered and targeted system remains the best chance that many companies have of surviving the COVID-19 pandemic.
The report details how the COVID-19 crisis is expected to see employment levels decline by 5 per cent between the March and September quarters, which is a faster and higher rate than that experienced in the recessions of the 1980s and 1990s.
Between February and May, more than 2 million people went from employment to either being out of work or working fewer, or in some cases, zero hours. In this deteriorating economic environment, JobKeepers flat fortnightly $1500 payment has been a lifeline f…
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