RBA Minutes released today point to the intensifying jobs crisis as the recovery stalls across the country and highlight the dangers of Scott Morrison’s cuts to economic assistance later this month.

New data released by the ABS confirms almost half a million jobs have been lost since the virus outbreak and that Victorians are the hardest hit.

The National Accounts have confirmed Australia is in the deepest recession of our lifetimes, with the economy experiencing the sharpest contraction on record.

The expansion of the Reserve Bank’s economic support is in stark contrast to the Morrison Government’s decision to withdraw support in coming weeks.

Today when asked in Question Time how much of the $314 billion in announced economic support has actually been delivered, the Treasurer could only get to $85 billion.

This morning Josh Frydenberg made it clear that he is preparing to cave to backbench pressure on the Superannuation Guarantee increase, while praising the widely frauded and rorted early access super scheme as a “wonderful success”.

New ABS data today confirms capital expenditure continued its freefall in the June quarter in the absence of a comprehensive plan from the Morrison Government.

New ABS data today confirms the jobs crisis is getting worse, not better, with 520,000 payroll jobs lost since the virus outbreak during Australia’s first recession in three decades.

New APRA figures released today reveal that for the first time since compulsory superannuation was introduced three decades ago, quarterly net contributions to super accounts were negative.

RBA Minutes released today highlight the escalating jobs crisis facing Australia, with ongoing economic uncertainty putting Australia’s recovery at risk.