JobKeeper fallout overstated, Treasury reveals

— 1 minute read
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Jotham Lian
A
A
In an address to an Australian Business Economists’ lunch on Tuesday, Dr Kennedy revealed that between 16,000 and 40,000 workers on JobKeeper had lost employment after the $90 billion wage subsidy program ended on 28 March.
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The new figures, drawn from estimates from Single Touch Payroll microdata for the fortnight ended 11 April, are well below the anticipated 100,000 to 150,000 job losses that the Treasury had earlier predicted. The Commonwealth Bank of Australia had also earlier predicted up to 110,000 job losses through the end of JobKeeper.

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