“Positive” response to weekly jobs, wages data but Vic lags behind

11 August 2020

 

Summary: Payrolls and wages both rise in the week to 25 July; economists likely to raise employment forecasts in July, August; payrolls and wages still both down by around 5% since start of restrictions; Victoria the obvious laggard.    The ABS has released its latest payroll report containing new statistics on jobs and wages based on Single Touch Payroll data provided by the ATO. Job losses do not directly translate...

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