According to a new report, a recovering jobs market is easing concerns Australia’s economy will struggle to cope with the end of the JobKeeper subsidy in March. In December, job figures revealed a decline in the unemployment rate from 6.8 percent to 6.7 percent, a contrast to the 7.5 percent in July during the depths of the country’s first official recession in decades. “The jobs market has been very good,” Deloitte Access Economics partner and economist Chris Richardson told AAP during the release of the latest Quarterly Business Outlook. “We already have six out of every seven of the initial job losses back.” Richardson said the end of JobKeeper would always presents risks to the employment rate and the broader economy. “It is genuinely looking less dangerous because we have done so well on jobs,” he added. Richardson also expects wage and pricing pressures to remain muted, and inflation to stay steady …
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