'Real vulnerability': Qantas job cuts show Covid-19 will change the future of work

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Australian economists warn the path to recovery will ‘leave a long and lingering shadow’ and businesses face a huge challenge

Figures from the Australian Bureau of Statistics this week showed that nearly 300,000 jobs have been lost in the accommodation and food sector, but a steep fall in the so-called participation rate – the number of people in work or actively seeking work – was even more telling, according to Alex Joiner, the chief economist at IFM Investors in Melbourne.

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