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Job subsidy plans are at breaking point

Matthew Cranston
Matthew CranstonUnited States correspondent

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Prime Minister Scott Morrison has signalled the $130 billion JobKeeper program could face cost blowouts while the $14 billion JobSeeker may need to be reined in despite the biggest ever monthly collapse in employment.

After almost 600,000 jobs were lost and hours worked plunged 9.2 per cent in April, the government said it could start to reintroduce mutual obligation requirements for 1.6 million on JobSeeker payments by June 1 based on Treasury advice and the easing of COVID-19 restrictions.

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p54sxm