Australia must face the realities the coronavirus will not kill hundreds and thousands of Australians, and the economy must reopen lest risking “serious permanent harm” according to the Herald Sun Business Columnist Terry McCrann.
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Treasurer Josh Frydenberg revealed on Thursday Victoria’s effective unemployment rate increased from 10.5 per cent to 13.1 per cent in the month of August. Australia has lost around 900,000 jobs since the pandemic, with over 500,000 returning to the economy since most states have reopened, according to the ABS. However, these figures do not include the close to three million people still considered employed thanks to JobKeeper which will begin to wind down over the coming months.
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