Australia's coronavirus Budget will help women who have been left unemployed by the pandemic – even as 60 per cent of returning jobs are going to females

The Federal Budget will target women who have been left unemployed by the coronavirus pandemic - with 60 per cent of returning jobs heading in their direction.

The government's second women's economic security statement will be released on Tuesday night in Canberra.

Treasurer Josh Frydenberg said women and young people are among Australians who have been 'heaviest hit by this crisis'. 

'Importantly, more than half of those who have lost their jobs have now got back to work. And we saw 54 per cent of the jobs being lost, being jobs lost by women,' he said on Tuesday morning. 

The Federal Budget will target women who have been left unemployed by the coronavirus pandemic. Pictured: Three women walk through Martin Place in Sydney's CBD

The government's second women's economic security statement will be released on Tuesday night in Canberra. Pictured: A female shop assistant in Sydney

'60 per cent of the jobs that have come back are jobs that are going to women.'

Mr Frydenberg said the statement would focus on boosting female workforce participation.

'We want to get it back to that record high that was before this crisis began,' he said. 

The treasurer said previous recessions had shown unemployment 'goes up the elevator and comes down the stairs'.

'In the 1980s, it took six years to get unemployment back below six per cent from where it started,' he said.

'In the 1990s, it took 10 years. 

Treasurer Josh Frydenberg (pictured late on Monday night) said women and young people are among Australians who have been 'heaviest hit by this crisis'

'We want to move faster than that and importantly, we want to help women and young people get back to work.'

Opposition Leader Anthony Albanese said it was clear women had been disproportionately affected by the recession.

'We can't have a pink recession and a blue recovery,' he said.

'What we need to do is make sure, in terms of fairness, that those issues are addressed.'

It remains unclear what the budget will do for women, who have represented more than 50 per cent of job losses during the coronavirus pandemic. 

Opposition Leader Anthony Albanese said it was clear women had been disproportionately affected by the recession. 'We can't have a pink recession and a blue recovery,' he said. Pictured: A woman makes a coffee in Sydney