Aussie males bear brunt of COVID-19 job and wage losses

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The Australian Bureau of Statistics (ABS) today released its high frequency Weekly Payroll Jobs and Wages in Australia survey, which revealed that payroll jobs remain 4.1% below their pre-COVID mid-March level, whereas total wages remain 2.9% lower:

In raw number terms, there were around 440,000 fewer payroll jobs in single touch payroll (STP) enabled businesses on 19 September versus 14 March 2020.

As expected, Victoria continues to drag the national average down:

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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.