14-05-2020, 01:58 PM
It's good and bad. So the market hasn't reacted.
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6.2% is good because it beats expectations but loosing 594 thousand jobs in one month is dire because many of those jobs won't some back.
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An earlier rollout of wage subsidies could have yielded a better result on both fronts.
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Still... better than 10% unemployment and that's the figure thrown around by the Govt.
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Goes to show they should really stop talking the economy down.
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IMO
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6.2% is good because it beats expectations but loosing 594 thousand jobs in one month is dire because many of those jobs won't some back.
Â
An earlier rollout of wage subsidies could have yielded a better result on both fronts.
Â
Still... better than 10% unemployment and that's the figure thrown around by the Govt.
Â
Goes to show they should really stop talking the economy down.
Â
IMO