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

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:

Payroll jobs decreased by 4.5%
Total wages decreased by 4.3%

As expected, Victoria has experienced the biggest decline in jobs and wages:

The divergence is illustrated clearly in the next chart, which shows Victorian jobs down 8.3% in March versus 3.1% for the rest of Australia:

Finally, contrary to the claims of The Australia Institute, men have been most adversely impacted by both job losses and wage cuts:

Due to emergency income support (JobKeeper), younger Australians have perversely experienced an increase in total wages:

Finally, Accommodation and food services has been hardest hit:

Unconventional Economist
Latest posts by Unconventional Economist (see all)

Comments are hidden for Membership Subscribers only.