13 jobseekers per vacancy highlights need for extended support

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New figures provided by Labor show there are 13 jobseekers per job vacancy, highlighting the need for emergency income support measures to remain in place beyond September:

Labor has seized on new figures showing there are now 13 jobseekers for every single job vacancy in Australia to argue against cutting government supports.

The figures show in May there were 1,635,286 people receiving jobseeker or youth allowance, compared with 124,500 vacancies, and that those welfare recipients collectively would stand to lose $900m if the $550 fortnightly coronavirus supplement was removed…

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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.