The Federal Treasury expects the coronavirus pandemic to push 1.4 million out of work in the second quarter and boost the jobless rate to 10 percent, according to Australian Associated Press. “Unemployment at that rate – hundreds of thousands of people losing their jobs – it is just absolutely heartbreaking,” Prime Minister Scott Morrison said on Tuesday. Key points (Source: Reuters) The jobless rate could have tripled to 15% were it not for the government’s $130 billion wage subsidy scheme, according to Treasury’s estimates. More than 800,000 Australian businesses have registered for the JobKeeper program that passed parliament last week. More than 700,000 Australians are expected to lose their jobs before the middle of this year because of the coronavirus pandemic. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Venezuelan exchange launches support for offline crypto transactions FX Street 2 years The Federal Treasury expects the coronavirus pandemic to push 1.4 million out of work in the second quarter and boost the jobless rate to 10 percent, according to Australian Associated Press. "Unemployment at that rate - hundreds of thousands of people losing their jobs - it is just absolutely heartbreaking," Prime Minister Scott Morrison said on Tuesday. Key points (Source: Reuters) The jobless rate could have tripled to 15% were it not for the government's $130 billion wage subsidy scheme, according to Treasury's estimates. More than 800,000 Australian businesses have registered for the JobKeeper program that passed parliament last week. More… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
