Total filled jobs fell by 6.4 per cent and hours worked fell by 9.8 per cent between the March and June quarters, according to figures released today by the Australian Bureau of Statistics (ABS).
Head of Labour Statistics at the ABS, Bjorn Jarvis, said: “The Labour Account provides the most comprehensive measure of total job losses during the COVID-19 period – a fall of around 932,000 jobs. This echoes what we have previously seen in falls of employment in Labour Force Survey data and changes in jobs in the indexed payroll data.”
The full text of this article is available to MacroBusiness subscribers
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.
