Business
Highest level of job vacancies since 2008 but end of JobKeeper could hit employment – Sydney Morning Herald
Jobs advertised online reached a 12-year high of 238,700 last month but economists caution the end of the JobKeeper wage subsidy could push the unemployment rate…
We acknowledge, however, that the risks of COVID-related distributions to economic activity have risen, he said, noting delays in the vaccine rollout.
IFM Investors chief economist Alex Joiner says the end of the $90 billion wage subsidy program on March 28 could result in a material increase in the unemployment rate over the next few months. Due to the timing of the Australian Bureau of Statistics labour force survey, the full impact is unlikely to be clear until June.
About 1.1 million employees…
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