Unemployment spikes and household spending slumps under Victoria’s stage 4 restrictions

Posted by on August 30, 2020 4:10 pm
Categories: Global Stories

Josh Frydenberg says Victorians need ‘message of hope’ as federal government urges states to reopen borders

The number of people claiming unemployment benefits in Victoria has increased by 7.2% since the end of June, and household spending in the state has slumped during stage four restrictions, according to analysis from Treasury.

The new analysis comes as the Morrison government is working to develop guidelines for Covid-19 hotspots as part of an effort to persuade the states to end state border closures in favour of localised lockdowns.

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