Labour market 'very different': Treasurer hints at changes to JobSeeker rate

Treasurer Josh Frydenberg has acknowledged the nation's labour market has been radically altered by the coronavirus pandemic, promising to set JobSeeker at a rate that reflects the state of the nation's economy when the COVID-19 supplement expires in December.

The federal budget forecasts unemployment to peak at 10 per cent in the December quarter before reducing to 7.25 per cent by March. "Even though we extended it for an extra six months, the budget is moving and transitioning to the next phase of our recovery plan, namely to create nearly one million new jobs."

"What we are focused on is giving every business and every job the best possible chance of getting to the other side."The treasurer also defended the federal budget's impact on women - including hundreds of thousands on JobSeeker who are not eligible for the government's under-35s wage subsidy - saying lesson of Australia's last recession was that young people must be supported.

"The reason why we went for that cohort of 16-to-35 was because if you look right now at the unemployment rate for people who are 15 to 34, it's around 10 per cent," he said.

Dana_Adele JoshFrydenberg you wanna save big $$ SCRAP EMPLOYMENT AGENCIES. They are a massive rort. You will find the $$ you need right there to raise jobseeker. BRING BACK CENTRELINK. AusUnemployment auspol

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Travel ban to remain until late 2021: Industry calls for urgent talksThe Australian tourism industry has called for urgent consultation after Treasurer Josh Frydenberg flagged that international borders would remain closed throughout 2021 | TravellerAU TravellerAU PM says “can’t pay down a deficit if Australian’s aren’t in work” Fallout from airline closure has left 100Ks+ unemployed & poor If truely about jobs? ScottMorrisonMP would open borders/skies with screening & home quarantine like Sing. Instead, we blame virus for everything TravellerAU That makes a heap of sense! Why not have pre flight departure health check? Test upon arrival, quarantine upon arrival? Allows airlines to trade, hotels, universities, opens up for tourism again... Sorry makes too mush sense! TravellerAU Completely nuts.
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