NSW jobs market smashed by lockdown

Thursday, 26 August 2021

The ABS today released Payroll Jobs and Wages data for the week ended 31 July, which showed that Sydney’s lockdown has badly impacted the state’s job market.

Nationally, payroll jobs fell by 2.0% over the week whereas wages fell 2.7%:

The decline in jobs and wages was driven by NSW:

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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.