Senate inquiry recommends permanent lift in JobSeeker

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A Labor-controlled Senate inquiry on COVID-19 has recommended permanently raising the rate of JobSeeker (sub titles added for clarity):

Interim Finding;

The rate of JobSeeker is inadequate at $40 per day. The committee is concerned that the Australian Government is withdrawing fiscal support too early in the recovery phase by reducing the Coronavirus Supplement at the end of September 2020 and again in January 2021, and that this will have negative consequences for the economy…

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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.