ABS: Wages and jobs plummet on COVID-19 shutdown

Tuesday, 5 May 2020

The ABS has released another survey on the economic impacts of the COVID-19 shutdown, which reveals that employee jobs decreased by 7.5% and wages by 8.2% between mid-March and mid-April:

Losses in wages and jobs were near universal across Australia:

Males did better than females on jobs, but worse on wages:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.