Australia loses six percent of jobs

Australia may have lost three quarters of a million jobs between mid-March and early April when large chunks of the economy were shut down in the fight against the coronavirus, new data showed on Tuesday.

Figures from the Australian Bureau of Statistics showed jobs recorded by the Australian Taxation Office payrolls system fell 6% between March 14 and April 4.

The ATO system covers about 99% of substantial employers, those with 20 or more workers, and 71% of smaller employers.

The ABS monthly employment report for estimated there were 13 million working in early March, suggesting around 780,000 jobs may have been lost by early April. The largest drop was in the accommodation and food services industry where a quarter of jobs were lost, while arts and recreation shed almost 19% of workers.