Victoria State Faces Hefty Job Losses: Federal Treasurer

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
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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.