Wednesday 15 April 2020

1.4 million Australians expected to be out of work during COVID-19 pandemic


ABC News, 13 April 2020:


Unemployment is set to soar to its highest rate in almost three decades, with 1.4 million Australians expected to be out of work.
New Treasury figures forecast the jobless rate will double in the June quarter from 5.1 per cent to 10 per cent, all but confirming Australia will enter a recession as it deals with the COVID-19 pandemic.
It will be the first time the unemployment rate has hit double digits since April 1994 and the figure is a fraction below Australia's peak unemployment rate of 11.2 per cent in 1992......

Read the full article here.

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