Businesses burn jobs as JobKeeper tightened

Wednesday, 4 November 2020

The ABS has released its Weekly Payroll Jobs and Wages in Australia survey, which revealed that payroll jobs are now 4.4% below their pre-COVID (14 March) level, whereas wages are 5.1% lower.

As expected, Victoria has been hardest hit on both measures owing to its 16-week hard lockdown:

Males have been worse impacted than females, especially with respect to wages:

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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.