Australia s most powerful banker fears unemployment will rise when JobKeeper ends in two weeks.
The $1,000 fortnightly wage subsidies are ending on March 28, three months after they were tapered from $1,200 for staff putting in more than 20 hours a week.
Part-time staff working fewer hours will lose their $650 wage top up.
With the federal government yet to announce a targeted extension, Reserve Bank governor Philip Lowe is worried the end of JobKeeper will interrupt Australia s remarkable Covid recovery. Unemployment rate will continue to trend lower, although this trend could be temporarily interrupted when JobKeeper comes to an end later this month, he told The Australian Financial Review s Business Summit on Wednesday.
Australia s job market to shrink 11% with automation
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Aaron Sawmadal’s path to the doors of Western Australia’s parliament is different from any member currently serving there. He spent much of his life living in a refugee camp during the First Liberian Civil War, before moving to Australia in 2006 at the age of 27.
A cybersecurity analyst by profession, Mr Sawmadal has spent the past 15 years establishing community organisations to help new African migrants resettle in Perth’s north-eastern suburbs.
“I still want to continue this work. I still want to give hope and aspirations to this community, he tells SBS News. I want to make sure as many people come into middle class like me. From the downtrodden class to the middle class, I want to take many people with me.”