VIC dominates COVID-19 job losses

Tuesday 19 May 2020

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%):

Wages have fallen most sharply in WA (-7.0%) followed by VIC (-6.7%):

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.