“Job losses are heart-breaking”, said Australian Treasurer Josh Frydenberg while speaking at a news briefing alongside PM Scott Morrison.
“Lifting restrictions gradually will help get people back in work.“
“Economic numbers will get worse before they get better.”
“Forecast is still for unemployment to reach 10%.”
These comments come after Australia’s monthly employment data for April showed jobs dived by a record 594,300 and the unemployment rate shot up to at 6.2%.
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