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Payroll jobs dropped by 1% over the month to 8 August, as per ABS statistics released today. The data showed that about 43% of the payroll jobs lost across Australia by mid-April 2020 had been recovered by 8 August 2020. Payroll jobs fell by 2.8% in Victoria over the month to 8 August and were about 4.9% below the mid-March levels across Australia. Payroll jobs worked by people under 20 years of age grew 1.5% nationwide in the month to 8 August but in Victoria there was a 5.6% decline. Recovery in female employment was the largest among women under the age of 20, who witnessed the highest decline in employment by mid-April.
According to the latest Australian Bureau of Statistics (ABS) preliminary international trade in goods figures, the total value of goods imported rose by A$2.5 billion (11%) in July 2020.The ABS stated that from June to July 2020, road vehicle imports rose by A$792 million (49%) while petroleum imports increased A$244 million (15%) over the same period. The overall monthly increase in imports was constituted by transport equipment, non-monetary gold, and imports of commodities associated with PPE (personal protective equipment), including face masks. The value of goods exported in July 2020 dropped by A$2.0 billion or 6% driven by a drop in exports of resource commodities including copper, iron ore, and coal.
Starpharma Holdings Limited (ASX:SPL) provided a development update on its SPL7013 nasal spray for COVID-19. The Company stated that data confirms that SPL7013 inhibits host cell infection by a novel coronavirus (SARS-CoV-2) when SPL7013 is applied to the cells either before or after exposure to the virus. Moreover, the product development activities for SPL7013, repurposed as an antiviral nasal spray, are now well advanced with formulations developed. Starpharma has selected manufacturers, and pilot manufacture was undertaken. Post this key announcement SPL share price was trading at A$1.155, up by 10%% at AEST 11:57 AM.
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