Sunday , July 5 2020
Home / National News / WA lost 5.6 per cent of jobs within a week, ABS figures reveal

WA lost 5.6 per cent of jobs within a week, ABS figures reveal

West Australians between 60 and 69 were the least impacted at 3.1 per cent.

The 20-and-under age group also took the biggest hit in terms of wages. Payments to that cohort plummeted 12 per cent from the beginning of March to the beginning of April, and 7.9 per cent from March 28 to April 4.

There were no surprises when it came to which WA industries were struck the hardest by government shutdowns.

Arts and recreation jobs have taken a 22.8 per cent hit since mid-March followed closely by accommodation and food services at 19.5 per cent.

Mining job losses sit at 7.4 per cent while just 1 per cent of healthcare and social assistance jobs have gone.

Those working in utilities such as water, gas or electricity have weathered the storm the best so far with just 0.4 per cent of losses.

Australia-wide more than 500,000 JobSeeker welfare claims have been processed since mid-March, Prime Minister Scott Morrison confirmed.

Premier Mark McGowan on Tuesday described the situation as “dire” but said WA was faring better than some other states because industries such as mining and construction have kept operating.

So far the state government has not announced any major additional stimulus packages to get West Australians working again, instead opting to freeze bill increases and offering some tax relief for small businesses.

When asked what the government would do to stimulate the economy Mr McGowan said isome resources were being held back to help industries recover when the crisis subsided.

He said the state had also asked the federal government to bring forward infrastructure projects in WA.

Reserve Bank governor Philip Lowe predicted the unemployment rate would hit 10 per cent and hours worked would be shaved by 20 per cent by June.

He said the ramifications of the COVID-19 crisis would be felt in Australia’s economy for some time and said the only way to recover was by boosting growth and productivity.

“The best way of dealing with these reverberations is to reinvigorate the country’s growth and productivity agenda,” he said.

“As we look forward to the recovery, there is an opportunity to build on the co-operative spirit that is now serving us so well to push forward with reforms that would move us out of the shadows cast by the crisis.”

Most Viewed in National

Loading

About admin

Check Also

The councillor, the drug boss and the Liberal Party’s pot of gold

Only months later, Mr Johns gained kudos for himself by making a $33,000 donation to …