145,000 jobs could be lost with JobSeeker cuts, says Deloitte
The federal government’s planned cuts to JobSeeker would see the economy lose $31.3 billion and 145,000 full-time jobs over the next two years, a Deloitte analysis has found.
The analysis from Deloitte Access Economics, and commissioned by the Australian Council of Social Service, found that if the government cuts JobSeeker on 25 September and then fully removes the supplement at the end of December, this would reduce the size of the economy by $31.3 billion and see an average loss of 145,000 full-time equivalent jobs across 2020–21 and 2021–22.
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