One year on, Payroll jobs and wages have fully recovered

Tuesday 30 March 2021

The Australian Bureau of Statistics (ABS) today released weekly payroll jobs and wages for the week ended 14 March 2021. This week’s release is especially pertinent as it marks the one year anniversary since the COVID-19 pandemic officially commenced in Australia.

Importantly, both payroll jobs and wages have fully recovered their COVID losses and are now tracking higher than the same time last year.

Between the weeks ending 14 March 2020 and 13 March 2021:

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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.