Last week the Australian Bureau of Statistics reported that Australia had a 6.2 per cent unemployment rate. Based on the collapse in hours worked, however, I guesstimate the jobless rate is closer to 9 per cent. An increase from 5.2 per cent unemployment to almost 9 per cent in just one month is a catastrophe.

To be fair, things could be worse. The federal government has committed to borrow an eye-watering sum of money and is subsidising businesses to maintain employees on their payroll. Right now a lot of people are still receiving an income, despite not actually working.