Australia’s Unemployment Rate Has Dropped to 5.8%
In February 2021, Australia’s unemployment rate dropped from 6.3 percent down to 5.8 percent. This fall illustrates that Australia’s labour market is improving from the covid-19 pandemic a lot quicker than what most people anticipated. Over the past month an extra 88,700 people have found new jobs. This means that for the first time over […]
Hundreds of Businesses Have Been Overpaid Under The JobKeeper Wage Subsidy
The Australian Tax Office (ATO) is reportedly still owed hundreds of millions of dollars from Australian businesses who have tried to rort the JobKeeper wage subsidy. Many of these businesses who have exploited the scheme have received payments despite being deemed ineligible and some businesses have been overpaid. Over the past few months the ATO […]
250,000 More Australians Might Be Unemployed When JobKeeper Ends
Another 250,000 Australians could potentially find themselves unemployed when JobKeeper ends on 28th March 2021. The end of the scheme is anticipated to lead to thousands of businesses failing across the country. This will consequently lead to anywhere between 125,000 and 250,000 people left without a job. There are many businesses that would’ve already […]
Struggling Businesses Are Concerned About What the End of JobKeeper Will Mean for Their Future
Struggling businesses and their employees are concerned about what is going to happen to them once JobKeeper ends on the 28th March 2021. Economists are predicting that over 100,000 jobs could be lost when the government ends the covid-19 welfare supplement later this month. When covid-19 shattered Australia’s economy in March 2020, millions of people […]
Preparing for The End of JobKeeper
On 28th March 2021, the Australian Government is planning to phase out JobKeeper. The payment was originally introduced in March 2020 at the start of the covid-19 pandemic to encourage affected businesses to keep staff employed during the nationwide lockdown. JobKeeper is a wage subsidy payment made via the tax system. On top of […]