New data show almost half a million fewer businesses were relying on JobKeeper over the last month.
It comes after the federal government introduced tighter eligibility criteria, to try and ween off businesses that had been able to bounce back.
In the second stage of the coronavirus support scheme, payments dropped from $1,500 a fortnight to $1,200 a fortnight.
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Eligibility restrictions also adjusted, meaning 450,000 businesses were bumped off the help, or around 2 million employees.
The latest figures also indicate that around 80 per cent of employees that were stood-down at the height of the Covid crisis are now back at work.
The JobKeeper scheme will change again from January 4, with the payments to drop to $1,000 a week for full time employees.
For more information about eligibility and the changes, click here.