The Australian Treasurer Josh Frydenberg has declared that the government could not permanently continue to support the unprecedented levels of economic support provided over the past two years. Speaking with the Australian Industry Group on Feb. 7, seven weeks away from the pre-election budget announcement on March 29, Frydenberg said the federal government’s intervention would not remain ingrained and permanent. “Continued support at crisis levels would do more economic harm than good,” he said. Although the country experienced the biggest economic shock since the Great Depression, the Reserve Bank is confident that Australia is progressing toward a jobless rate beginning with a “3” compared with the current 4.2 percent. “This would be the first time since 1974,” Frydenberg said. “Unlike some other countries, we are seeing a ‘great reshuffle’ rather than a ‘great resignation’.” An analysis from the Treasury showed that one million-plus worker began new jobs in the three …