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The Australian Bureau of Statistics (ABS) has released another COVID-19 update, which shows another 1.0% improvement in the number of payroll jobs between mid-May and mid-June:
Head of Labour Statistics at the ABS, Bjorn Jarvis, said: “This continued the gradual recovery in payroll jobs since mid-April (when total job losses were 8.8 per cent). However, payroll jobs are still 6.4 per cent below mid-March, when Australia recorded its 100th confirmed case of COVID-19.”
“The recovery in payroll jobs between mid-April and mid-June represents around 30 per cent of the jobs initially lost,” Mr Jarvis said.
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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.