Number of Aussies on JobKeeper falls 60%

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With JobSeeker scheduled to finish at the end of March, new encouraging data from the Australia Taxation Office (ATO) shows that more than 2.13 million people had ceased receiving the subsidy by the end of December, and fewer than 1.54 million were still on the wage subsidy at the end of 2020:

Treasury initially estimated there would be 2.2 million workers on the payment in the December quarter, however the latest data from the ATO is better than expected.

In October there were 1.63 million workers that received JobKeeper and that dropped to 1.6 million in November before it dipped further to 1.54 million by the end of December…

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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.