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Just to recap the earlier release: "The...>

AUSTRALIA
- Bonds & Currency News | Market News" >
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."
- Bonds & Currency News | Market News" >
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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