Treasury boss Steven Kennedy believes Australia may have reached its unemployment peak stemming from coronavirus restrictions.
Dr Kennedy said when those people are factored in the true number out of work was about 9.6 per cent. A further 720,000 people remained in employment but didn't work, indicating they were on the JobKeeper wage subsidy. "The glimmer of hope is that all that productive enterprise that sat there at the beginning sits there at the end," he said.
Might one suggest that, based on the definition of employment by Govt, unemployment has been above 10% for years. How about we tell the truth and base the number on those achieving above a liveable wage.
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