COVID-19 job losses slow, validating JobKeeper
COVID-19 job losses are slowing, economists believe, with the JobKeeper program said to soften the blow of the coronavirus financial impact, resulting in an employment bounce in sectors most affected by the lockdown measures.
According to data from the Australian Bureau of Statistics (ABS), while payroll jobs have fallen over the seven weeks from mid-March to early May by 7.3 per cent, or almost 950,000 workers, the latest data has signalled a let-up in the pace of job losses from mid-April to early May.
Read more at MyBusiness.
