Economy

Benefits stable as 100,000 come off wage subsidy

Paul McBeth
Fri, 25 Sep 2020

The number of people claiming unemployment benefits was largely stable last week, despite almost 100,000 workers coming off the government’s wage subsidy programme.There were just 120,176 jobs supported by the programme and its extensions as at Sept. 18, down from 217,912 seven days prior and a peak of 1.66 million on May 29, Ministry of Social Development figures show.That’s seen the government pay $14 billion to keep as many of those people in work and, barring further extensions, is expected to taper off in mid-November.Unemploym...

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