Estimates of Australian job losses continue to worsen, with ANZ Bank’s former chief economist, Warren Hogan, forecasting that between 1.5 and 1.8 million Australian workers will have been stood down by Easter, resulting in a unemployment rate of between 15% and 17%:
“I think a wage subsidy is critical at this juncture … because we have such a significant amount of jobs losses,” former ANZ chief economist Warren Hogan told Sky News…
“I think very quickly we can talk about out over a million jobs being lost. It looks like were going to get through that in very short order,” Mr Hogan said.
