Coronavirus pandemic may not cost as many Australian jobs as first feared | ABC News Unlisted

The COVID-19 pandemic has caused economic ruin, but it may not cost as many Australian jobs as first feared.

Until recently, Treasury was forecasting unemployment would reach 10 per cent.

Now, it's saying it will be about 8 per cent in September, when the JobKeeper wage subsidy ends.

Political editor Andrew Probyn reports.

For more from ABC News, click here: https://ab.co/2kxYCZY
You can watch more ABC News content on iview: https://ab.co/2OB7Mk1

Subscribe to us on YouTube: http://ab.co/1svxLVE
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews