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Australia needs a ‘comprehensive plan’ to create more jobs, shadow treasurer says – CNBC
Data from the Australian Bureau of Statistics showed that the unemployment rate in June was at 7.4%, with as many as 992,300 people out of work.
Australia’s government needs to come forward with a comprehensive plan for future job creation as the country tackles the economic fallout from the coronavirus pandemic, Shadow Treasurer Jim Chalmers said Friday.
The government has announced fiscal stimulus worth 289 billion Australian dollars ($206.54 billion) around 14.6% of Australia’s GDP to support workers, households and businesses affected by the virus outbreak. Australia expects its budget deficit to widen significantly and the economy…
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