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Impacts of Victorian stage 4 restrictions show in latest job figures

Adrian Flores
Adrian Flores
25 August 2020 1 minute readShare
Impacts of Victorian stage 4 restrictions show in latest job figures

The stage 4 restrictions have led to greater job losses in Victoria compared to the rest of the country, the latest figures released by the Australian Bureau of Statistics show.

Over the month to 8 August, payroll jobs fell by 2.8 per cent in Victoria compared with 1.0 per cent nationwide, said ABS head of labour statistic Bjorn Jarvis.

“Some of the initial impacts from the stage 4 restrictions are shown in the latest weekly data as they came into effect,” Mr Jarvis said.

“Around 39 per cent of jobs lost in Victoria by mid-April had been regained by 27 June, but by early August this had reduced to 12 per cent.”

Nationally, the ABS noted payroll jobs at 8 August were around 4.9 per cent below mid-March, when Australia recorded its 100th confirmed COVID-19 case.

The latest data showed that after an initial period of recovery between mid-April and mid-June, payroll jobs losses had remained between 4 and 5 per cent below mid-March.

By 8 August, the ABS said around 43 per cent of payroll jobs lost across Australia by mid-April had been recovered.

Nationwide, around 52 per cent of jobs worked by women had been regained, compared with 19 per cent for males.

Payroll jobs worked by people aged under 20 increased by 1.5 per cent nationally in the month to 8 August. Despite the increase nationally, there was a 5.6 per cent decrease in Victoria.

“Female jobs recovery was greatest for those aged under 20, who also experienced the largest fall in jobs through to mid-April,” Mr Jarvis said.

Impacts of Victorian stage 4 restrictions show in latest job figures
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Adrian Flores
Adrian Flores

Adrian Flores is the deputy editor of MyBusiness. Before that, he was the deputy editor for SMSF Adviser as well as features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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