Australia’s unemployment rate hit its highest level in two decades last month, official data showed Thursday, as hundreds-of-thousands more people lost their jobs because of pandemic-induced shutdowns.
It’s going to be a long, tough road out of this crisis but Australia is doing better than many other countries and we’re heading in the right direction. Our government is going to continue to do everything it can to ensure Australia bounces back stronger on the other side. https://twitter.com/JoshFrydenberg/status/1270893191881822209 …Josh Frydenberg
Australia stands out in today’s OECD Economic Outlook as a leader in the recovery from #COVID19.
This is the dividend from having a strong economy before the pandemic and the sacrifices Australians have made to flatten the curve
Older Australians have been doing it tough during the #COVID19 pandemic & the Morrison Government is committed to helping seniors get through this crisis:
$750 cash payments supporting 2 million+ pensioners
Reducing drawdown rates by 50%
Reducing deeming rates by 0.75%