Coalition half right on JobSeeker

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Labor opposition leader, Anthony Albanese, used used Sunday’s ABC Insiders program to attack the Morrison Government’s lowering of the JobSeeker supplement from $500 to $250 from next month, which will cut fortnightly JobSeeker payments to $810:

ALBANESE: The economy is really struggling. The idea that you withdraw support in the current circumstances is, in my view, premature, and will lead to a deeper and longer recession than is necessary.

SPEERS: So, JobKeeper, you think, should stay at its existing rate. What about JobSeeker for those unemployed? Should that stay at the existing rate?

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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.