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Prime Minister Scott Morrison has described the forecast doubling of the jobless rate to 1.4 million people as “heartbreaking”.
The shutdown of the economy is expected to push the nation’s unemployment to 10 per cent by June.
“Well, it’s a heartbreaking number. Unemployment at that rate, hundreds of thousands of people losing their jobs. It is just absolutely heartbreaking,” Mr Morrison told Today.
But he says the impact is being softened by the $130 billion JobKeeper wage subsidy scheme.
“The JobKeeper program means that we’ll be able to limit that devastation. And also we’ve got the doubling of the JobKeeper program which means those who do find themselves unemployed will be able to gain access to the support that we’ve never seen in this country before.”
The United States death toll from the coronavirus eclipsed Italy’s as the highest in the world at about 20,000. Globally more than 100,000 have died. The death rate – that is, the number of dead relative to the population – is still far higher in Italy than in the US. Worldwide, the true numbers of dead and infected are believed to be much higher because of testing shortages, different counting […]
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