Jobless blow will be worst since 1930s

Original article by David Marin-Guzman
The Australian Financial Review – Page: 9 : 20-Apr-20

A report from the Grattan Institute has forecast that jobs in the hospitality, arts and recreation, retail and education sectors will be hardest hit by the coronavirus and the measures that have been deployed to contain it. The public policy think tank estimates that 14-26 per cent of Australian workers will soon be out of work, or up to 3.4 million people. In addition, the Grattan Institute warns that the JobKeeper scheme will not prevent the unemployment rate from rising to 10-15 per cent.


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