Business
More than 110,000 Australians are expected to be laid off when JobKeeper ends in three weeks. Here’s which jobs are considered ‘high risk’. – Business Insider Australia
Commonwealth Bank economists are forecasting major job losses when the government terminates the JobKeeper program at the end of the month.
- There are to be an estimated 110,000 job losses when the JobKeeper wage subsidy finishes at the end of March.
- The forecast comes from Commonwealth Bank economists Kristina Clifton and Nicolas Guesnon who expect more than half of those to come from high risk industries like transport, accomodation and the arts.
- While distressing for those set to lose their jobs, the overall economic impact is expected to be “minimal” as slack in the labour market stops unemployment from rising sharply.
- Visit Business…
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