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Ending JobSeeker boost will axe 145,000 jobs, shrink economy by $31.3bn – Yahoo Finance Australia

The Federal Government would set the economy back if it scrapped the Coronavirus Supplement, a new report has argued.

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Getting rid of the JobSeeker boost will result in 145,000 full-time jobs lost, hurt some of Australias most vulnerable people and shrink Australias economy by $31.3 billion, new analysis has revealed.
The Federal Governments decision to effectively double welfare support in late March has provided a supercharged boost to the economy and done a striking amount of heavy lifting in easing regional inequality, said a new report by Deloitte Access Economics commissioned by the Australian Council of …

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