The budget rebuild runs into the reality of a terrible jobs market

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Analysis: Unemployment figures have highlighted the tension facing the Morrison government with demands to repair the budget and the need to support the economy | swrighteconomy

The Prime Minister made clear the budget would be recalibrated to keep expenditure under control while boosting the economy through a suite of largely undefined pro-growth policies.

Instead of commentary about budget pressures, the PM on Thursday talked about the fight to save jobs. Data would be "grilled", the cabinet would sit through the night if need be, to find a way forward for businesses and their staff. The unemployment data highlighted the difficult path facing Prime Minister Scott Morrison and Treasurer Josh Frydenberg.We won't hear much of that plan until July 23 when Frydenberg delivers his economic outlook that will include much of the government's thinking about its JobKeeper wage subsidy and the $550 a fortnight coronavirus supplement for unemployed Australians.Unemployment is notoriously the last thing to move in the wake of a recession.

 

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swrighteconomy No more PR garbage & double-speak Scotty, you will have to finally make some grown up decisions to get the economy under control. Unfortunately, I have a sneaking suspicion you have no idea how to do that, no one in your party has any fresh ideas. Sad.

swrighteconomy with Jobkeeper they r propping up unviable jobs n pretend that everything is sweet We have to borrow d billions so not on much longer If the dole queue is 2mils so what?

swrighteconomy

swrighteconomy Who is demanding budget repair?

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