According to ABS, accommodation and food services industry had witnessed a drop of nearly one in three paid jobs as COVID-19 impact, from mid-March to mid-April.
Accommodation and food services industry (-33.4%) and Arts and recreation services industry (-27.0%) had lost most of the jobs in Australia.
The Weekly Payroll Jobs and Wages in Australia evaluate that total wages paid by employers dipped by 8.2 percent and total employee jobs dropped by 7.5 percent, from 14 March to 18 April 2020.
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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