SME jobs smash intensifies

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Weekly ABS payrolls:

High level analysis suggests that by 14 November 2020 there were approximately 320,000 fewer payroll jobs in STP-enabled businesses than on 14 March 2020.

Between the week ending 31 October 2020 and the week ending 14 November 2020:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.