Evan Lucas on Sky News
The federal government's JobKeeper program has reduced concerns unemployment could rise up to 19 per cent due to the COV19-19 pandemic, according to InvestSMART's Evan Lucas.
Under the Coalition's plan, businesses will be paid a fortnightly wage subsidy of up to $1,500 per employee if their turnover has decreased by at least 30 per cent due to the coronavirus crisis.
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The following video featuring InvestSMART's Chief Market Strategist Evan Lucas, appeared on Sky News on Sunday 5 April, 2020.
Frequently Asked Questions about this Article…
The JobKeeper program is a federal government initiative that provides a fortnightly wage subsidy of up to $1,500 per employee to businesses whose turnover has decreased by at least 30% due to the COVID-19 pandemic. This helps businesses retain employees and manage financial challenges during the crisis.
According to InvestSMART's Evan Lucas, the JobKeeper program has helped reduce concerns that unemployment could rise to 19% due to the COVID-19 pandemic by supporting businesses in retaining their workforce.
Businesses are eligible for the JobKeeper wage subsidy if their turnover has decreased by at least 30% due to the coronavirus crisis. This allows them to receive financial support to pay their employees.
The JobKeeper program provides a fortnightly wage subsidy of up to $1,500 per employee to eligible businesses affected by the COVID-19 pandemic.
Evan Lucas, InvestSMART's Chief Market Strategist, provides commentary on the JobKeeper program, highlighting its impact on reducing unemployment concerns during the COVID-19 pandemic.
The JobKeeper program was introduced to support businesses and employees affected by the COVID-19 pandemic, helping to mitigate the economic impact and prevent a significant rise in unemployment.
By stabilizing businesses and reducing unemployment risks, the JobKeeper program helps maintain economic stability, which is beneficial for everyday investors concerned about market volatility during the COVID-19 pandemic.
For more information about the JobKeeper program, you can watch the video featuring InvestSMART's Chief Market Strategist Evan Lucas on Sky News, which aired on Sunday, April 5, 2020.