Business
‘Mixed bag’: Australia climbs JobKeeper cliff as unemployment falls in April – The New Daily
April’s labour force data has left economists scratching their heads, with plenty of questions about what happened to unemployment when JobKeeper ended.
About 31,000 jobs were lost in April after JobKeeper ended, slowing the pace of Australia’s COVID-19 recovery for the first time in six months.
The unemployment rate still fell to 5.5 per cent from a revised 5.7 per cent, because some people laid off after the removal of JobKeeper did not immediately start looking for new work, ABS data revealed.
Economists called the result a “mixed bag”.
In the two weeks after JobKeeper ended, plenty of workers lost their jobs. But while some found new work, others…
Continue Reading