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The Australian Bureau of Statistics (ABS) is out with its latest data on the labor market, reflecting the impact on the country’s employment during the coronavirus lockdown period.

Key highlights

“Over the seven weeks from mid-March to early May, total payroll jobs fell by 7.3%.”

 “The latest data shows a further slowing in the fall in COVID-19 job losses between mid-April and early May.”

“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%, which was only slightly larger than the 0.9% increase in the week ending 25 April.”

“Total job losses as of the week ending 18 April have been revised down from 7.5% to 7.1%”