Advertisement
The ABS today released Payroll Jobs & Wages data for the fortnight ended 11 September, which reveals that jobs have fallen sharply (by 5%) since July after lockdowns were implemented:
As expected, the locked down jurisdictions of NSW, Victoria and the ACT has driven the job losses, whereas jobs across the rest of Australia have remained stable:
Advertisement
Small businesses have also been most impacted, reflecting that they comprise most of the industries affected by lockdowns (e.g. restaurants & cafes):
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement