More job losses ahead despite positive news, economists warn - News Summed Up

More job losses ahead despite positive news, economists warn


Job numbers are rebounding after a crash during the coronavirus lockdown, but economists still warn of more losses once the Government’s wage subsidy extension ends in September. READ MORE:* 18 tourism groups put the acid on for more Government support* Job numbers continue to recover after the Covid-19 slump, but wages still down* SMEs want government to reconsider further wage subsidy supportThe wage subsidy extension was supporting nearly 437,000 jobs. Job numbers are rebounding after a crash during the coronavirus lockdown. ”I also think that New Zealand’s ability to get on top of Covid quite quickly leaves us in a better position. “What is clear is that Covid is going to go on for a long time, until we have a vaccine available internationally, it’s going to be years.”The wage subsidy extension had stopped some people falling into poverty, Berentson-Shaw said.


Source: Stuff July 28, 2020 17:00 UTC



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