This report presents Treasury analysis on the first six months of the JobKeeper Payment (to 27 September 2020), reflecting on the design and initial impacts of JobKeeper as a key element of the Government’s macroeconomic response to COVID-19.

The report draws on ongoing analysis undertaken by Treasury throughout 2020 and 2021 on JobKeeper and macroeconomic developments.

The report is divided into five sections:

  • Section 1 outlines the development of JobKeeper, including the economic and health context in which JobKeeper was developed, JobKeeper design features, and changes made to the policy over time.
  • Section 2 provides updated summary program data on JobKeeper recipients.
  • Section 3 provides analysis on the economic effect of JobKeeper.
  • Section 4 discusses analysis on JobKeeper and business-level performance.
  • Section 5 outlines future evaluation and audit activities planned for JobKeeper.

Download the report

Insights from the first six months of JobKeeper

Executive summary: Insights from the first six months of JobKeeper


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