Josh Frydenberg says the Australian labour market has outperformed expectations but he has declined to make a new prediction on the outlook for unemployment until the May budget.
He said 90 per cent of Australians who lost their job last year are now back at work, which has seen the jobless rate fall to 6.6 per cent.Even so, he was reluctant to rule out the jobless rate reaching 7.5 per cent in the March quarter as predicted in the mid-year budget review that was released in December.However, he was more definite that government debt would still reach $1 trillion.
He said Treasury is analysing tourism industry data and Tourism Minister Dan Tehan is talking to industry leaders to consider what future targeted assistance may be required. "The treasurer should stop leaving these workers and small businesses in the dark, he should stop leaving them hanging, he should stop leaving them in the lurch," Dr Chalmers, a Queensland MP, told reporters.
fehowarth All LNP MPs come with fork tongues designed to spew out misinformation...via Murdoch’s Mud!
Tell that to the old and new unemployed back to $40 a day in March The Federal Government hasn't got a clue