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The ABS has released its weekly Payroll Jobs and Wages data, which reveals that total payroll jobs fell by 7.3% in the seven weeks from mid-March to early May, with Victoria leading the decline (-8.4%):
The next chart shows that jobs (-7.3%) have fallen more sharply than wages (-5.4%):
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Wages have fallen most sharply in WA (-7.0%) followed by VIC (-6.7%):
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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.
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