Slow Wage Growth as Jobless Rate Increases Finance Minister
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Finance Minister Mathias Cormann has flagged lower wage growth as the jobless rate soars during the coronavirus recession. Treasury’s economic update predicts the unemployment rate will peak at 9.25 percent, sending a further 240,000 Australians into the dole queue. Senator Cormann said there was a high level of uncertainty in the global and domestic outlook. […]