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Australia weekly jobs data – jobs down again

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While the trade data was strong jobs data released at the same time was not quite so good. 

Payroll jobs fell by 2.4% nationally in the fortnight to 17 July 2021

  • following a 0.2 per cent fall in the previous fortnight
While the trade data was strong jobs data released at the same time was not quite so good. 
While there are caveats around this high-frequency data point the turn down in the graph above is clear as lockdowns bits. 

In the epicentre state of the current COVID-19 outbreak the change in payroll jobs fell the most of any state at down 4.4%. This is more than double the fall of second-placed state Victoria at -1.9%. (For the locals here in Oz the ACT was -2.4%).

If March 2020 is used as the base (March 2020 was when you-know-what hit the fan in Australia) NSW’s decline is stark:

nsw payroll jobs

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