As per the latest release from ABS, over the period of seven weeks from mid-March to early May 2020, there was a drop in the total payroll job by 7.3%.
The largest job losses during this period in percentage term was from Victoria and New South Wales. The job losses in these locations were 8.4% and 7.7% respectively.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
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