Nearly half the workers at private firms in Australia's Victoria state, around 1.5 million people, will receive a federal wage subsidy as a surge of coronavirus cases forces a near total lockdown in the state, Treasurer Josh Frydenberg said on Friday.
SYDNEY - Nearly half the workers at private firms in Australia’s Victoria state, around 1.5 million people, will receive a federal wage subsidy as a surge of coronavirus cases forces a near total lockdown in the state, Treasurer Josh Frydenberg said on Friday.
With Australia making it easier to qualify for wage subsidies, Frydenberg said half of the private sector labour force in Victoria will receive a two-weekly payment of A$1,500 , a programme known as JobKeeper. On Thursday, Prime Minister Scott Morrison said unemployment was forecast to peak at 10%, with effective unemployment closer to 14% when counting workers in the wage subsidy scheme.
“Having seen stabilisation in numbers, that’s a positive. We do expect, within 14 days of a really significant intervention, that we’ll see a change in numbers,” Victoria state’s Chief Medical Officer Brett Sutton told reporters in Melbourne. Australia’s most populous state New South Wales , the second worst hit by coronavirus, said on Friday it had found 11 new cases in the last 24 hours, with particular concern around a case in Newcastle, the state’s second largest city. NSW has just over 800 active infections.
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