QUESTION 2: Unemployment and Inflation

"The Federal Government's $130 billion JobKeeper wage subsidy will disguise much

of the impact of the crisis on employment. Some Australians off work will continue to

be regarded as 'employed' because they will receive pay from their employer via the

JobKeeper scheme. And others, especially older workers, will give up looking for

work and will therefore not be counted in the unemployment rate." (Coates et al.

2020). With reference to the classification of unemployment by the ABS, discuss

why the reported unemployment figures may disguise the impact of COVID-19 in

Australia.