The end of jobkeeper pulls the rug out from under places that depend on tourism | Greg Jericho

The end of jobkeeper pulls the rug out from under places that depend on tourism | Greg Jericho

The Guardian

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Aside from some areas in Melbourne and Sydney, Cairns had more businesses still accessing jobkeeper than any other area in the nation

The end of jobkeeper this week comes at a time when the economy is still undergoing massive adjustment from the pandemic. While the government believes it is merely removing a temporary safety net, for some areas, such as Cairns, the impact is more akin to having the rug pulled out from under their feet.

Yes, the economy is doing better now than a year ago. The unemployment rate of 5.8% in February is very healthy given what has occurred over the past 12 months. But it remains a bit too early to suggest things are settled into a nice pattern.

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