On Tuesday, data from Australia’s Bureau of Statistics (ABS) showed, job losses stemming from the Wuhan coronavirus in the country have started to slow down in the last couple of weeks while wages, supported by the government support program, continued to tick higher.
In the seven week period from March 14 to May 2, the Australian Bureau of Statistics’ (ABS) estimated payroll employment had fallen by 7.3%, compared to a 7.1% fall in the period from March 14 to April 18.
In the week to May 2, jobs fell by 1.1% following a 0.9% increase during the previous week.
In the week to May 2, wages grew by 0.9% after a 0.5% gain the week before. Total wages paid were now estimated to have fallen 5.4% between mid-March and early May, compared to a drop of 8.2% between mid-March and mid-April.
“The latest data shows a further slowing in the fall in COVID-19 job losses between mid-April and early May,” said Bjorn Jarvis, head of labour statistics at the ABS.