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Summary
- Weekly payroll jobs fell the most (12.8 percent) in accommodation and food services since the week ending 14 March 2020.
- Payroll jobs with people aged under 20 rose by 21 percent in the given period.
- The total wages decreased by 2.6 percent in the period under review.
A fall of 2 percent was seen in payroll jobs between the week that ended 14 March 2020 and the week ended 28 November this year. Coronavirus pandemic began around the same time in March 2020. However, the payroll jobs surged 0.4 percent as against a rise of 0.3 percent in the previous fortnight of the given period ended on 28 November 2020, according to the latest Australian Bureau of Statistics (ABS) data.
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Weekly payroll jobs fell the most (12.8 percent) in accommodation and food services, while information media and telecommunications saw a fall of 11.6 percent since the week ending 14 March 2020.
But the payroll jobs rose by 2.3 percent in retail trade and by 1.7 percent in electricity, gas, water and waste services between the week ending 14 November of the ongoing year and the week ending 28 November this year.
Source: ABS update, 18 December 2020
Age group
Payroll jobs with people aged below 20 had risen by 21 percent and with people aged 70 years and above fell by 11.7 percent since the week ending 14 March 2020.
On the other hand, the payroll jobs with people under 20 years rose by 4 percent between the week ending 14 November this year and the week ending 28 November of the ongoing year. The payroll jobs with people aged 20-29 surged by 0.6 percent.
Source: ABS update, 18 December 2020
READ MORE: ABS data revealed surge in International trade and housing loan commitments
Wages
A decrease off 2.6 percent was seen in total wages since the week ending 14 March. In the given period, total wages in mining fell by 19.6 percent and accommodation and food services reduced by 11.3 percent.
On the other hand, between the week ending 14 November 2020 and the week ending 28 November 2020, the total wages paid rose by 0.7 percent, as against a rise of 1 percent in the previous fortnight.
READ MORE: ABS Reports A 0.3% Contraction In The Australian Economy
