Australia's economy has fared relatively well so far through the COVID-19 pandemic, but it's done so on the back of record government support. Support that is being gradually withdrawn from today.
Although that's still less than half the 294,000 jobs lost during autumn, and the workforce remains down almost 18 per cent on pre-pandemic levels.
Workers at Ochres Restaurant in Cairns have been supported thanks to the JobKeeper stimulus payments.But she couldn't afford to hold on to seven casual staff who weren't eligible for the subsidy. "You would think that some of those jobs are not viable and those people will lose work, but how many are we talking about?" she said.
About 1.75 million people are expected to remain on the subsidy until its current expiry at the end of March next year, again, mostly in Victoria.Melbourne-based advertising strategy director Dominic Carrico is one of them "Given that we have incredibly strict lockdown measures, JobKeeper has been essential to maintaining a roof over my and my partner's head," Mr Carrico said.
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