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%):
Young Aussies have been most impacted by job losses, but have faired better on income:
As expected, Accommodation & food services and Arts & recreation have been most impacted by job losses:
Overall, another sombre report.