Payrolls slump into Morrison’s recession

Farewell stellar jobs recovery. Via the ABS:

In the fortnight up to the week ending 3 July 2021:

  • Payroll jobs decreased by 1.0%, compared to an increase of 0.4% in the previous fortnight

All states fell:

OMG it’s a blue recession!

Kids always do worst, earliest:

Payrolls are not seasonally adjusted so that’s why the ABS is cautious. But, let’s face it, it stands to reason that jobs are going to go as we enter the Morrison is an Idiot recession.

Houses and Holes
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