4 years ago
UNEMPLOYMENT TO REACH RECORD HIGH ACCORDING TO OECD
BRENDAN O’CONNOR MP
The OECD Employment Outlook 2020 reinforces the devastating impact of the recession on an already distressed labour market.
The report states that unemployment is projected to reach a “record high level by end 2020”, and confirms that the real unemployment rate for May 2020 is much higher than 7.1 per cent at 11.3 per cent.
Concerns are raised in the Outlook about the disproportionate impact of the recession on young people, women, the self-employed and temporary and low paid workers, reinforcing how catastrophic the Morrison Government’s decision to prevent over a million workers from accessing JobKeeper has been.
Some of the hardest-hit industries are those that have been excluded from JobKeeper, and who were already struggling with issues of underemployment and insecure work well before the virus reached our shores.
Unemployment is worse than it needs to be, the recession is deeper than necessary, and the recovery will be that much harder because Scott Morrison and Josh Frydenberg are failing to give workers and businesses certainty about their plans after their September “snapback” deadline.
Businesses are already laying off workers because of the uncertainty about the future of key Government support programs, including JobKeeper, HomeBuilder and JobSeeker.
Australians have worked together to combat the virus, but more work must be done by the Morrison Government to ensure the hardest-hit Australians are not forgotten during this recession and left behind in the recovery.
The report states that unemployment is projected to reach a “record high level by end 2020”, and confirms that the real unemployment rate for May 2020 is much higher than 7.1 per cent at 11.3 per cent.
Concerns are raised in the Outlook about the disproportionate impact of the recession on young people, women, the self-employed and temporary and low paid workers, reinforcing how catastrophic the Morrison Government’s decision to prevent over a million workers from accessing JobKeeper has been.
Some of the hardest-hit industries are those that have been excluded from JobKeeper, and who were already struggling with issues of underemployment and insecure work well before the virus reached our shores.
Unemployment is worse than it needs to be, the recession is deeper than necessary, and the recovery will be that much harder because Scott Morrison and Josh Frydenberg are failing to give workers and businesses certainty about their plans after their September “snapback” deadline.
Businesses are already laying off workers because of the uncertainty about the future of key Government support programs, including JobKeeper, HomeBuilder and JobSeeker.
Australians have worked together to combat the virus, but more work must be done by the Morrison Government to ensure the hardest-hit Australians are not forgotten during this recession and left behind in the recovery.