JobKeeper (DoleHider) cooks the unemployment books

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The ABS has confirmed that people who receive the federal government’s $1,500 a fortnight JobKeeper payment will be counted as ’employed’ in its next labour market figures, even if they are not working:

Next month we’ll also see an unusual situation in which hundreds of thousands of workers will be considered “employed” even though they won’t be working any hours.

The ABS has confirmed that people who are paid the government’s emergency JobKeeper payment of $1500 a fortnight will be officially classified as employed, regardless of how many hours they have worked.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.