by Alan Thornhill
The Federal government is suspending a plan designed to help the long-term unemployed because it proved too popular.
The Assistant Minister for Employment, Luke Hartsuyker, said the Wage Connect program, which subsidises employers who take on people who have been unemployed for a long time, will be put on hold to new applicants from Friday.
He said the program had been “oversubscribed” recently, for the second time, and blamed “Labor mismanagement.”
“Once again we have an example of the previous Government’s failure to responsibly roll out an important and essential service,” Mr Hartsuyker said.
“It let down job seekers, and employers who would have given them a chance,” he said.
Profile
Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.
The Latest
Sunday May 4
The Dow Jones index fell 46 points to 16,513
Prime Minister Tony Abbott has abandoned a planned trip to Indonesia due to an “on-water operation” which Australian Government sources believe has the potential to cause “embarrassment” to president Susilo Bambang Yudhoyono.
New South Wales Police Ministe Mike Gallacher has resigned after being named in the latest Independent Commission Against Corruption (ICAC) inquiry.
Retirement age rise to 70 by 2035
Your Comments
- Banjo on
- Alan Thornhill on
- Jess Jennings on
- How the tax changes will affect you | Scrap the Cap on
- Matthew on
THE MARKETS
| All Ordinaries | 5438.800 | |||||||
| S&P 500 | 1881.14 | |||||||
| Aud To Usd | 0.9275 | |||||||
| Bhp Blt Fpo | 37.270 | |||||||
| Anz Bank Fpo | 34.340 | |||||||
| Origin Ene Fpo | 14.880 | |||||||
| Amp Fpo | 5.130 | |||||||
| Suncorp Fpo | 13.000 | |||||||
Topics
- Airlines (100)
- Banking (2,800)
- Business (2,951)
- Communications (61)
- corruption (8)
- crime (25)
- defence (4)
- Disaster (135)
- Economics (2,931)
- education (15)
- Environment (139)
- Financial advice (2,623)
- Health (129)
- Housing (761)
- Inflation (549)
- Insurance (126)
- Investment (2,355)
- Markets (2,185)
- Media (138)
- medical (60)
- mining (296)
- pay (146)
- Politics (3,049)
- population (247)
- Regulation (1,103)
- retirement (114)
- rural (26)
- Rural australia (117)
- Security (26)
- Social security (299)
- Superannuation (254)
- Tax (446)
- The latest (281)
- Trade (892)
- Uncategorized (435)
- welfare (6)