Unemployment Rate Needs to Start With a Four: Treasurer

Unemployment Rate Needs to Start With a Four: Treasurer
Australian Treasurer Josh Frydenberg speaks during an address to the Australian Chamber of Commerce and Industry at Parliament House in Canberra, April 29, 2021. AAP Image/Lukas Coch
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The Australian government will not be making a sharp pivot towards austerity despite the strengthening economy because the nation is “not out of the pandemic yet,” says the Treasurer.

Treasurer Josh Frydenberg used the pre-budget speech on Thursday to reveal the shift in budget policy to focus on job creation and reducing the unemployment rate to below five percent.