Victoria State Faces Hefty Job Losses: Federal Treasurer

Federal Treasurer Josh Frydenberg during a press conference in the Mural Hall at Parliament House on June 11, 2020 in Canberra, Australia Sam Mooy/Getty Images

Federal Treasurer Josh Frydenberg has warned Victoria faces up to 400,000 job losses as a result of harsh COVID-19 restrictions, pushing the unofficial national jobless rate to about 13 percent.

But most other states are starting to recover strongly now business lockdowns have eased.