Jobs, jobs, jobs, are high on the national agenda this morning, with the latest unemployment figures due out today.
The stats are tipped to show the full extent of the coronavirus shutdown on jobs between mid-April and mid-May.
Meantime, in new modelling figures, it’s been revealed the border closures around the country are costing thousands of jobs each week.
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The data, published in The Australian, shows around 5,000 jobs a lost each week nationwide, with Queensland the hardest hit.
It also shows that the strict rules are decreasing the nation’s economic output by $84 million a day.
Meantime, in slightly better news, the latest data from SEEK has revealed a steady 39.7 percent month-on-month growth in jobs advertised.
Hospitality and Tourism, Trades and Services, Manufacturing, Transport and Logistics are the industries contributing most to the growth.
SEEK ANZ Managing Director Kendra Banks says these are still very positive signs.
“Looking at the states, it’s interesting to see Victorian job ads bouncing back (up 48.1% m/m) at a faster rate than New South Wales (up 31.1% m/m), despite easing restrictions at a later date and maintaining strict social isolation measures.
“And while their state borders remained closed, Queensland is also showing signs of improvement, with job ads growing at 48.4% month-on-month,” Ms Banks said.
“We are encouraged to see industries which were hardest hit by the coronavirus pandemic rebounding at a good pace. Hospitality & Tourism is up 138% month-on-month, with Queensland, New South Wales and Victoria performing very well (see Table 1).
“Authorities gave businesses the green light to restart their operations, resulting in increased hiring activity. Top jobs in the sector included chefs and cooks and front of house staff.
“Of all of the sectors, Professional Services has been slower to bounce back, which could be a result of a range of factors including reduced activity and people continuing to work from home,” she said.
The latest unemployment figures will be released at 11.30am.