End of JobKeeper sparks fears 150,000 could join the unemployment queue

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The Morrison government's JobKeeper wage subsidy has officially come to an end sparking fears up to 150,000 Australians could be left without work.

The scheme concluded at midnight on Sunday after providing 12 months of assistance for businesses to retain staff during the pandemic

Economists warn the move will lead to a cliff of unemployment particularly for the tourism and hospitality industry with 110,000 businesses considered vulnerable.

At its peak 3.8 million people were receiving the payment and more than one million were still signed up at the end of January.

Treasurer Josh Frydenberg says the vast majority of recipients have now graduated from the scheme and has assured struggling workers the government will not abandon them.

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