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In Australia, women made up the majority of those who were affected by job loss during COVID-19. The Government has announced $240 million in measures and programs to support female workforce participation.
In 2018 the Federal Government released its inaugural Women’s Economic Security Statement, with a focus on three key areas of workforce participation, earning potential and economic independence.
In 2020 this Statement was expanded and updated in recognition of the impact that COVID-19 has had on job security and female workforce participation.
The 2020 Women’s Economic Security Statement significantly expands on the 2018 document, with input from women across Australia. The original three key areas have been expanded to five1, being to:
According to research published in the 2020 Women’s Economic Security Statement, between February and May 2020, 420,000 women in Australia lost employment, with approximately 800,000 women wanting to work more hours.
Source: 2020 Women’s Economic Security Statement.
According to the Federal Treasurer, Josh Frydenberg2, women have made up the majority of those who lost their jobs during the current crisis. In response, $240 million has been allocated in the 2020 Federal Budget for measures and programs to support:
Further details can be found in the 2020 Women’s Economic Security Statement.
With the right information you can make informed decisions about your career, financial security and life goals.
1. Source: 2020 Women’s Economic Security Statement. Accessed 6/10/2020.
2. Source: Budget speech 2020-21. Accessed 6/10/2020
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