New RBA report reveals how important JobKeeper has been during the coronavirus recession – NEWS.com.au

Job losses would have doubled during the coronavirus pandemic if the federal government did not implement the JobKeeper wage subsidy scheme, according to a new report. Treasurer Josh Frydenberg said the JobKeeper discussion paper published by the Reserve Bank of Australia on Monday, confirmed emergency wage relief implemented in April was a “country-saving moment”.
The RBA in its detailed review of the Morrison government’s key support initiative during the coronavirus pandemic, revealed about 700,000…

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