ABS: Payroll jobs still down 4.5% from pre-COVID level

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The Australian Bureau of Statistics (ABS) has released its Weekly Payroll Jobs and Wages in Australia survey, which reveals that the number of payroll jobs remains 4.5% lower than pre-COVID levels, whereas total wages are down 4.3%:

Key statistics

Between the week ending 14 March 2020 (the week Australia recorded its 100th confirmed COVID-19 case) and the week ending 5 September 2020:

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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.