Original article by Geoff Chambers, Patrick Commins
The Australian – Page: 2 : 12-May-20
JP Morgan expects about one million Australians to have lost their jobs in April, lifting the unemployment rate to 8.5 per cent. Prime Minister Scott Morrison has reiterated that at present the JobKeeper wage subsidy scheme is still slated to be in place for six months. He adds that it could be extended or scaled back, depending on the pace at which the economy and the labour market recover from the pandemic. Official labour market data for April will be released on 14 May.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET