NewsBite

Exclusive

Why KPMG sees silver lining to 5pc jobless rate

Ronald Mizen

The return of overseas workers will allow business to sack low-performing staff, reduce labour hoarding and boost productivity, which will contribute to the jobless rate rising to just under 5 per cent, according to KPMG.

The big four firm rejected the idea of a “productivity crisis” in Australia and argued recent lacklustre company results could be explained by the workforce shake-up caused by the pandemic, which was now reversing.

Loading...
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

Read More

Latest In Federal

Fetching latest articles

Most Viewed In Politics

    Original URL: https://www.afr.com/politics/federal/why-kpmg-sees-silver-lining-to-5pc-jobless-rate-20240626-p5jovi