The government has released the latest Tax Office breakdown of the numbers coming off the program, amid concerns its end in late March will see a rise in unemployment.
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Governor Lowe believes the unemployment rate will need to fall well below 5% before inflation climbs to the point where he needs to jack up rates.
Politics with Michelle Grattan: Treasurer Josh Frydenberg on promising budget figures
Michelle Grattan discusses MYEFO with Treasurer Josh Frydenberg.
The economic recovery is looking more and more V-shaped, the budget recovery will be much slower.
Lockdowns, job loss and university courses struck down: 2020 was a difficult year for Australia’s artists. But there was light through the darkness.
It isn’t available to the bulk of the unemployed, it isn’t available to people who’ve been on JobKeeper rather than JobSeeker, and employers can overclaim.
At the age of 22, in 2015, 82% of respondents described their mental health as excellent, very good or good. This fell to 70% at the age of 26 in 2019 — a drop of three percentage points per year.
It’ll direct money to employers who actually create jobs.
We interviewed Victorians working — or not working — in the arts during the pandemic lockdown to learn about their mental health. We found they are struggling.
A collapse in revenue and a lack of government support have led to university workforces being decimated to cut costs. This presents a number of longer-term risks for universities and the nation.
How effectively Morrison can use his bully pulpit – his mass media exposure during COVID – will be severely tested in coming months.
Making some of the Newstart increase permanent would undo the worst of the damage.
Treasurer Josh Frydenberg has issued estimates indicating that six out of ten of the 2.24 million people on JobKeeper are expected to be Victorian.
New research shows more than 40% of temporary visa holders skipped meals and a third faced homelessness due to a lack of government support during the pandemic.
Wages are going backwards, loans are in arrears, companies are being kept alive by government support and an exemption from insolvency rules, yet still they are paying out dividends.
Where the policy debate has focused on a need to ‘rescue’ the cultural sector from the ill-effects of COVID-19, the emphasis must now be on growing it as part of a wider program of public investment.
A look at the week in politics, focussing on what Treasurer Josh Frydenberg has described as “without doubt, the biggest shock this country has ever faced”.
He is trying to transition out of stage one while drawing up stage three.
Under the new rules, it is possible to get both, but you’ll have to apply and pass the tests.
44 of the 50 leading economists surveyed by Economic Society and The Conversation back running up more debt to support the economy. Only three do not.
Principais colaboradores
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Professorial Fellow, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Program Director, Economic Policy, Grattan Institute
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Professor of Economics, The University of Melbourne
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Chief executive officer, Grattan Institute
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Director, Mitchell Institute, Victoria University
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Senior Associate, Grattan Institute
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Professor, School of Economics, The University of Queensland
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Professor of Creative Arts, Griffith University
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Professor, Crawford School of Public Policy, Australian National University
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Associate Professor and Principal Fellow (Hon), School of Culture and Communication, The University of Melbourne
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Professor, Australian Studies Institute, Australian National University
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Analyst, Grattan Institute
