Josh Frydenberg optimistic about jobs outlook, yet business uncertainty hits new high

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New Treasury analysis gives Treasurer Josh Frydenberg reason to be positive about Australia's employment outlook.

Treasurer Josh Frydenberg is optimistic about the outlook for employment after new Treasury analysis estimated more than half of the people who were stood down at the start of the coronavirus pandemic are back in work.

Of the 1.3 million Australians who lost their job or were stood down on zero hours at the start of the crisis, more than half had already started some form of work by July.That brought the national effective unemployment rate down to 9.9 per cent in July after peaking at 14.9 per cent in April. He said the government's recently announced JobMaker plan was designed to rebuild the economy and included a $1 billion JobTrainer fund to help create 340,700 new training places and a further $1.5 billion in support for small and medium businesses to retain their apprentices.But not everyone is feelings as optimistic.

The twice-yearly Deloitte CFO Sentiment survey found uncertainty about economic conditions has reached a record-high 92 per cent, up from 72 per cent six months earlier.

 

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Strange, the RBA does not see it that way warning of high unemployment levels well into next year, even higher if you cut Job Keeper as the government has announced they will in September and those who fall to Job Seeker are no longer artificially counted as employed.

So we know how the Gov shall respond to the ALP's demands that job seekers payments never return to $275 per week. 'There are jobs out there go a get one 🤑, it's the best welfare 😱 there is'.

Let’s remember this is the same Treasury that got the JobKeeper costing wrong by $60 billion. A minor miscalculation

Does he looked convinced? I don’t think so, Jan.

Is this the employment figures they have brought back positive next year?

You are joking.

Anyone could manipulate the figures like that with a department behind them and external consultants.

Well he’s into off shoring profits to family. Josh is on a roll, and he’s still young enough to enjoy all the profits from his rorting.

Surely they got to get 1 right eventually

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