AUSTRALIAN employment fell 1.1 percent between mid-June and mid-July, weekly data showed yesterday, with the biggest loss coming from the southeastern state of Victoria, which is grappling with a fresh wave of coronavirus infections.

The Australian Bureau of Statistics said total payroll jobs decreased 2.2 percent in Victoria alone as additional COVID-19 restrictions were re-introduced following an “alarming” rise in cases.

The state reported 384 new COVID-19 cases yesterday, on top of a record 532 the previous day.

Yesterday’s release is the first official data on the hit from the second wave on Australia’s economy, with economists predicting further job shedding in coming weeks.

The data is “consistent with our expectations of some setback to the labor market recovery and ... we fear a return to a negative employment print this month and possibly August as well,” said RBC economist Su-lin Ong. “Our preliminary forecast is -50,000.”

The release, an experimental series, differs from official employment data and is based on wage payment figures from the Australian Taxation Office.

Australia had seen a surge in job growth in the past couple of months as authorities largely managed to control the spread of the virus and began re-opening the economy. That helped recoup around 35 percent of payroll jobs lost due the coronavirus, yesterday’s figures showed.

There had been around 12.3 million people counted as employed in June, according to official employment statistics, down sharply from just over 13 million in early March before the lockdowns kicked in.(SD-Agencies)