The national result was pulled down by Victoria, where payroll jobs fell by 1.2 per cent in the period. There were also falls in Western Australia and the two territories.Queensland was the best-performed state with payroll jobs up by 0.6 per cent in the fortnight while they rose by 0.5 per cent in South Australia and 0.2 per cent in NSW.Since payroll data started being collated in mid-March, jobs are down by 6.7 per cent in Victoria, the worst of any state or territory.
Internal card and merchant data from ANZ also highlighted the impact of Victoria on the economy, with retail spending there 12 per cent lower than a year ago for the week to August 8. It was the state's worst performance since early May. The lockdown across Melbourne has hit key parts of Victoria's economy, with spending on dining and takeaway down 59 per cent year-on-year while fashion spending is 60 per cent lower.
CBA also found while overall spending nationally was up 8 per cent over the same week last year, it was being driven by a 21 per cent jump in online purchases.
swrighteconomy This is only the 534534521st time communism has destroyed an economy. No one could have seen this coming and no one can possibly be to blame istandwithdan
swrighteconomy Don’t blame Victoria. The government and RBA were recklessly pushing spending and borrowing over the past 12 months....they were desperate to stave off a downturn even before covid. Well sod that. People finally realising they should start saving in case of another fk up.
swrighteconomy The CCP Virus can be finished by hydroxychloroquine, zinc and azithromycin . Please put those drugs Over The Counter to save more lives. No one will be safe if WHO,Politicians,medias still keep lying.
swrighteconomy You should ad and MSM confidence is absolutely gone, 10000%. Enjoy the dole like the rest of us you sellout 'reporters'.
swrighteconomy Just walked down an inner-west Sydney shopping strip past what were clothes shop, a pie shop, a podiatrist, a barbers, and a pub, which are now stripped empty and obviously not coming back - can't really blame Melbourne for that. COVID19Aus COVID19Vic COVID19NSW
swrighteconomy As Victoria drags those who want to work and live a free life off to the gulags