[adning id=”12070″]

[adning id=”12070″]

Treasurer shares key findings of Jobkeeper review

Treasurer Josh Frydenberg has released the key findings of the Treasury department’s Jobkeeper review:

  • 2 million Australians either lost their jobs or saw their household incomes reduced between February and May this year
  • Creating an unemployment rate of 7.4% and effective unemployment rate of 11.3%
  • 30% of the private sector workforce had been supported by the jobkeeper payment.
  • 44% of businesses on jobkeeper said that jobkeeper influenced their decision to keep their staff
  • 47.1% of recipients of the program were women, compared with 44.9% of the private sector workforce.

“Treasury’s review found that jobkeeper met its three primary objectives, namely to save jobs and businesses, to maintain the formal connection between employers and employees, and to provide income support,” said Treasurer Frydenberg.

“In the four weeks to mid-April, payroll jobs decreased by 8.1% but after jobkeeper, jobs started to stabilise.”

 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
  • This field is for validation purposes and should be left unchanged.

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.