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 3.3% lower:
In raw number terms, there were around 440,000 fewer payroll jobs in single touch payroll (STP) enabled businesses on 3 October versus 14 March 2020.
As expected, Victoria continues to drag the national average down:
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