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Job loss spike during lockdown: think tank

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Job loss spike during lockdown: think tank

Better than 360,000 jobs have been misplaced in Australia over the anguish of a month as coronavirus-caused lockdowns affected workers across the nation.

Factual-slouch think tank, the Institute of Public Affairs, has launched prognosis of the Australian Bureau of Statistics payroll jobs figures.

Early Newspaper

NSW used to be the toughest hit with 214,000 jobs misplaced within the four weeks to July 17. Lockdown started on June 26.

IPA research fellow Cian Hussey acknowledged that used to be such as bigger than 10,000 jobs a day.

“This way that every single job restored across the 2020/21 monetary yr used to be worn out in only four weeks,” he acknowledged.

Payroll jobs fell by a extra 2.4 per cent within the fortnight to July 17, following a 0.2 per cent decline within the outdated two weeks.

ABS head of labour statistics Bjorn Jarvis acknowledged every pronounce and territory saw a fall in payroll jobs across the fortnight, but the falls have been much bigger in NSW, down 4.4 per cent, and neighbouring ACT, down 2.4 per cent.

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Job loss spike during lockdown: think tank