There are eight people on JobSeeker payments for each job available,with that number set rise after the JobKeeper program ends.
The Morrison government is touting another dip in the use of JobKeeper wage subsidies but there are fears of significant job losses when the program ends Sunday.
Job losses are likely to be concentrated among small and medium firms in sectors still affected by pandemic disruptions including tourism,hospitality and arts and entertainment.
The ACTU has moderated its minimum wage request from last year but says wage growth is critical,while business groups and state governments call for caution.
Many said flaws in the scheme were obvious from the outset,and called on companies who made a profit to pay back taxpayer money. Others were more forgiving.
Modelling predicts 50,000 Queenslanders will lose their jobs at the end of the week.
Treasury says the staff most at risk of losing work when JobKeeper finishes are those on zero or low hours but the effects would be relatively broad.
Billionaire Solomon Lew’s retailing group Premier Investments has not ruled out handing back the nearly $20 million it received in JobKeeper payments despite reporting a bumper profit.
The Morrison government’s $90 billion JobKeeper wage subsidy ends next week. While millions of workers have stopped using it,168,535 Queenslanders face uncertainty.
The Morrison government’s $90 billion JobKeeper wage subsidy ends next week. As millions of workers have stopped using it,380,000 Victorians face uncertainty.
The Morrison government’s $90 billion JobKeeper wage subsidy ends next week. While millions of workers have stopped using it,330,000 people in NSW face uncertainty.