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Australian jobs are rebounding nicely from lockdowns, but there is still a way to go | Greg Jericho

While the biggest employment growth in October has been for young workers, numbers remain well below pre-lockdown levels

The latest payroll job index released on Wednesday allows us to make a good guess that Thursday’s labour force figures will show a nice increase in employment. But the figures also show that there is still a way to go before the impact of the lockdowns is completely over. The payroll figures from the week ending 16 October saw a 0.9% increase over the past four weeks.

There will of course be a bit of seasonal adjustment in the labour force figures, but given those figures cover the first two weeks of each month, it is a good bet that at 11:30am the Bureau of Statistics will show that there has been a nice jump in employment in October.

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Read the original article at The Guardian

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