COVID-19 crisis claims shocking number of Gold Coast jobs

New figures have painted an even clearer picture of the devastating impacts the COVID-19 crisis has had on the Gold Coast.

According to the Australian Bureau of Statistics, a staggering 22,700 jobs were lost across the city last month.

The figures were collated from mid-March to mid-April and take into account the massive shutdown of the economy.


The ABS data shows employment on the Gold Coast fell from 329,500 in March, to 306,800 in April.

The vast majority of jobs that were lost were part-time positions, with 22,500 wiped out over the month.

But the number of people classed as unemployed only rose by 7,600 with a massive 15,100 people either leaving the workforce or not actively looking for work at the time.

That has seen the participation rate fall by 3 per cent in the last month.

The ABS says while the numbers this month are huge, it has cautioned that the monthly figures can be volatile.

Regional labour force data is usually averaged out over 12 months, which would have seen the Gold Coast’s total number of jobs fall by just 3000 in April and the unemployment rate steady at 5.5 per cent.

But an ABS spokesperson says given the impact of COVID-19 across the economy, those figures don’t paint a proper picture of the current situation.

Taking that into account, the Gold Coast’s true unemployment rate is actually now at 6.5 per cent.

Experts warn despite the massive numbers, they only partially reflect the impact of coronavirus on jobs with a huge number of people either stood down or having their hours reduced, which aren’t reflected in the official figures.

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