Monday, April 20, 2020

Real jobless rate to smash official forecasts, Grattan Institute warns

 The economic toll from the coronavirus lockdown is now becoming apparent with one prediction that as many as 26 percent of Australians could be out of work in the coming weeks. 

The Grattan Institute says while the federal government's $130 billion JobKeeper program will keep the official jobless rate much lower, there's growing alarm that the reality will be much more brutal. 

ABC's Peter Ryan with this analysis.

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