Which industries have been slaughtered by COVID-19?

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The Australian Bureau of Statistics (ABS) yesterday released quarterly employment data to August 2020, which revealed that 421,900 jobs were regained over the quarter, with Accommodation & Food Services (129,500) leading the charge, followed by Retail Trade (59,600) Arts & recreation (+53,000), and Education (+52,800):

However, in the year to August 2020, 368,600 jobs were lost, still dominated by Accommodation & Food Services (-141,700), followed by Administration (-72,800) and Other (-67,700):

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Finally, the next chart plots the change in jobs since the Global Financial Crisis (GFC) hit in August 2008. Over this period, 1,811,700 jobs have been created, driven by Health Care & Social Assistance (+672,300), Professional, Scientific & Technical Services (+341,900), and Education (+268,900), with Manufacturing losing the most jobs (-179,700):

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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.