New forecasts released by the Reserve Bank today highlight the severe economic fallout from the Coronavirus, with unemployment expected to reach double digits and remain elevated for years to come.

The Government’s failure to heed warnings from Labor and the superannuation industry that there are serious flaws in their early release superannuation program has now cost people thousands of their hard-earned retirement dollars.

The Treasurer has been forced to concede that the Morrison Government has undershot its own JobKeeper enrolment targets by more than a million workers so far.

New data today confirms a massive hit to jobs before the rollout of JobKeeper payments, with the biggest job losses in industries that employ a significant number of workers excluded from the program.

Labor urges the Morrison Government to fix a rule in its JobKeeper program that excludes thousands of Australian workers employed in the aviation sector.

Labor welcomes the commencement of the JobKeeper wage subsidy but again calls on the Morrison Government to make the simple changes required to keep more Australians in work and out of the unemployment queues.

We read today about another sneaky attack on superannuation as Josh Frydenberg asks the Australian Securities and Investments Commission to monitor and if necessary insist on changes to fund material designed to inform members of the cost of reducing their balances.

Today’s Weekly Payroll Jobs and Wages in Australia release by the ABS has highlighted the profound impact this Coronavirus outbreak is having on workers across the economy.

Today’s update by the Reserve Bank highlights the profound impact of the virus on the economy and workers, with the unemployment rate expected to hit double digits and remain elevated for some time.

Labor welcomes the announcement that the ACCC will move to impose a mandatory code of conduct to govern commercial dealings between digital platforms and news media companies.