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COVID-19 job losses slowing

Over the seven weeks from mid-March to early May, total payroll jobs fell by 7.3 per cent, according to new data released by the Australian Bureau of Statistics (ABS) on Tuesday.

Head of labour statistics at the ABS, Bjorn Jarvis, said: “The latest data shows a further slowing in the fall in COVID-19 job losses between mid-April and early May.

“The largest net job losses over the seven weeks of the COVID-19 period, in percentage terms, were in Victoria and New South Wales, where the falls in payroll jobs were around 8.4 per cent and 7.7 per cent.”

In addition to the fall in total jobs slowing, some industries were now showing a reduced impact in the most recent weeks.

“The accommodation and food services industry had lost around a third of payroll jobs (33.3 per cent) by the week ending 11 April, and a subsequent increase in jobs saw this reduce to around 27.1 per cent by the week ending 2 May,” Mr Jarvis said.

“The week-to-week changes are much smaller than they were early in the COVID-19 period. The decrease in the number of jobs in the week ending 2 May was 1.1 per cent, which was only slightly larger than the 0.9 per cent increase in the week ending 25 April,” Mr Jarvis said.

Have you lost your job due to the COVID-19 crisis? Are you confident you will be back at work soon as places of business start to reopen?

2 comments

abswgcov

What a surprise! Job losses slow or go into reverse when businesses open up again. Who'd have thought?

2 comments