Free Trial

Quarterly Midcurve Calls


Impulsive Sell-Off Extends


Post-5Y Auction Curve Steepening

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSTRALIA: Just to recap the earlier release: "The Accommodation and food
services industry continued to be the most impacted by COVID-19, with a drop of
around one in three paid jobs in the industry from mid-March to mid-April,
according to new data released by the Australian Bureau of Statistics today. The
Weekly Payroll Jobs and Wages in Australia estimates also showed that between 14
March and 18 April (the five weeks after Australia recorded its 100th confirmed
COVID-19 case) total employee jobs decreased by 7.5%, while total wages paid by
employers decreased by 8.2%. Head of Labour Statistics at the ABS, Bjorn Jarvis,
said: "The industries which lost the most jobs continued to be Accommodation and
food services (-33.4%) and Arts and recreation services (-27.0%). "Job losses in
Accommodation and food services were greatest in South Australia (-39.7%) and
Victoria (-35.6%). "The new data shows that jobs in Accommodation and food
services worked by people aged 20-29 and people over 70 decreased the most
(-40.8% and -43.7%)." "Looking at the week-to-week changes, the decrease in the
number of jobs in the week ending 18 April was 1.5%, which was larger than the
0.3% decrease in week ending 11 April 2020," Mr Jarvis said."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.