Jobs and Wages in Australia due to Covid19

Article by: Hari Yellina (Orchard Tech)

Important Statistics

Between the dates of 14^th March 2020 and 11^th July 2020, payroll jobs were cut down by 5.6 %. Moreover, the total wages also lessened by 4.8%.

Crucial Dates before 11^th July 2020

1. 22^nd March: The Australian Prime Minister informed the citizens regarding the Stage 2 lockdown modifications. They were then progressively implemented.
2. 30^th March: The Jobkeeper Program was declared by the Prime Minister.
3. 8^th May: The beginning of the payroll decline for the JobKeeper Program.
4. 8^Th May: The Prime Minister announces RoadMap to keep Australia away from the pandemic.
5. 1^st July: The Stay at Home rules and regulations are implemented for a few Melbourne postal codes.
6. 8^th July: The Stay at Home restrictions are also extended and applied for metropolitan Melbourne and Mitchell Shire.

Important Dates after 11th July 2020

1. 12^th July: The Early Childhood Education and Care Relief Package were annihilated.
2. 20^th July: A modified version for Jobkeeper Payments, meant for child care providers, is put in place of the original version.
3. 21^st July: Prime Minister declares the alterations and extension of the JobKeeper Program.

Jobs and Wages According to State and Territory

Since 14^th March 2020, some of the biggest modifications in Australia were

1. Total Salaries: Western Australia lessened by 7.0% and Tasmania also decreased by 6.9%.
2. Payroll Jobs: Jobs in Victoria dwindled by 7.3% and those in Tasmania decreased by 6.8%.

Jobs and Wages According to Sex

Since 14^th March 2020:

1. Payroll Jobs: Those that were carried out by females decreased by 5.5%. Moreover, those jobs carried out by men dwindled by 5.8%.
2. Total Wages: Payments that were made to men went down by 6.6% and those to females lessened by 2.4%.

Jobs and Wages by Age Group

During the week of 14^th March 2020:

1. Payroll Jobs: Those jobs that were handled by citizens 70 and over decreased by 11.3%. Additionally, those jobs where individuals that are aged 20 and under decreased by 7.9%.
2. Total Wages: Payments for people aged 20 and below were increased by 19.1% and salaries for individuals aged 40 to 49 dwindled by 6.5%.