JobKeeper costs $130k per job saved

Press/Media: Expert Comment

Description

The federal government's JobKeeper program is costing about $130,000 per job saved, as pressure builds for the wage subsidies and an enlarged unemployment payment to be wound back to encourage people to return to work as the economy reopens.

Period15 May 2020

Media contributions

1

Media contributions

  • TitleJobKeeper costs $130k per job saved
    Degree of recognitionInternational
    Media name/outletAustralian Financial Review - Job Keeper
    Media typeWeb
    CountryAustralia
    Date15/05/20
    DescriptionThe federal government's JobKeeper program is costing about $130,000 per job saved, as pressure builds for the wage subsidies and an enlarged unemployment payment to be wound back to encourage people to return to work as the economy reopens.
    Producer/AuthorJohn Kehoe and Matthew Cranston
    URLhttps://www.afr.com/policy/economy/jobkeeper-costs-130k-per-job-20200515-p54t8y
    PersonsTom Smith