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Australian Treasurer Frydenberg: Job losses are heart-breaking

“Job losses are heart-breaking”, said Australian Treasurer Josh Frydenberg while speaking at a news briefing alongside PM Scott Morrison.

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“Lifting restrictions gradually will help get people back in work.“

“Economic numbers will get worse before they get better.”

“Forecast is still for unemployment to reach 10%.”

These comments come after Australia’s monthly employment data for April showed jobs dived by a record 594,300 and the unemployment rate shot up to at 6.2%.

 

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