Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Earn

Job losses rife across accommodation and food services

  • April 22 2020
  • Share

Earn

Job losses rife across accommodation and food services

By Grace Ormsby
April 22 2020

New Australian Bureau of Statistics data has revealed that a quarter of hospitality jobs disappeared in just three weeks.

Job losses

Job losses rife across accommodation and food services

author image
  • April 22 2020
  • Share

New Australian Bureau of Statistics data has revealed that a quarter of hospitality jobs disappeared in just three weeks.

Job losses

In comparison, jobs decreased by just 6 per cent across all sectors in the period between 14 March and 4 April.

Week-to-week, the decrease in jobs in the week ending 4 April 2020 was 5.5 per cent, and significantly larger than the 0.5 per cent decrease in the week prior, ending 28 March 2020.

According to ABS head of labour statistics Bjorn Jarvis, young people are disproportionately bearing the brunt of lost employment.

“The largest impact of net job losses, in percentage terms, was for people aged under 20, for whom jobs decreased by 9.9 per cent,” he said.

Advertisement
Advertisement

“The accommodation and food services industry saw the largest reduction in jobs (decreasing by 25.6 per cent), followed by the arts and recreation services industry (decreasing by 18.7 per cent).”

Over the same period, total wages paid by businesses to their staff decreased by 6.7 per cent.

Total wages paid by businesses decreased by 6.7 per cent over the period.

Job losses rife across accommodation and food services
Job losses
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

About the author

author image

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

more on this topic

more on this topic

From the web

Recommended by Spike Native Network

More articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.