3 years ago
GOVERNMENT’S JOBSEEKER SNAPBACK WILL HARM ECONOMIC RECOVERY
LINDA BURNEY MP
A new report from Deloitte Access Economics has warned that a snapback of the JobSeeker payment to its old base rate will harm Australia’s economic recovery.
The JobSeeker payment is scheduled to return to its old base rate at the end of September and out-of-work Australians are anxious about the level of support that will be available to them.
There are 12 Australians on JobSeeker for every one job vacancy. Australians face a challenging jobs market.
A permanent increase to JobSeeker will boost consumer spending, and sustain local businesses and local jobs.
Based on the latest data from the government, a snapback of JobSeeker would see $805 million per fortnight ripped out of the Australian economy – the equivalent of 320,000 jobs*.
The Morrison Government must rule out a snapback of JobSeeker.
The JobSeeker payment is scheduled to return to its old base rate at the end of September and out-of-work Australians are anxious about the level of support that will be available to them.
There are 12 Australians on JobSeeker for every one job vacancy. Australians face a challenging jobs market.
A permanent increase to JobSeeker will boost consumer spending, and sustain local businesses and local jobs.
Based on the latest data from the government, a snapback of JobSeeker would see $805 million per fortnight ripped out of the Australian economy – the equivalent of 320,000 jobs*.
The Morrison Government must rule out a snapback of JobSeeker.