Free Trial

Payrolls Point To Improving Labour Market, Metrics Still < Pre-COVID

AUSTRALIA

The ABS notes that "between the week ending 14 March 2020 (the week Australia recorded its 100th confirmed COVID-19 case) and the week ending 19 September 2020:

  • Payroll jobs decreased by 4.1%.
  • Total wages decreased by 2.9%.
  • High level analysis suggests that there were approximately 440,000 fewer payroll jobs in STP-enabled businesses on 19 September 2020 than on 14 March 2020.
  • Between the week ending 5 September and the week ending 19 September 2020:
  • Payroll jobs increased by 0.3%, compared to a decrease of 0.5% in the previous fortnight.
  • Total wages increased by 0.8%, compared to an increase of 1.2% in the previous fortnight."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.