Updated ABS payroll data shows that job losses due to COVID-19 were clearly concentrating in Victoria, even before Stage 3 and 4 restrictions took effect across the state.
Coastal electorates that rely heavily on tourism have been hit hardest, and workers in rural and regional electorates have been hit harder than workers in the major capitals.
Grattan has developed a new tool for monitoring the impacts of the coronavirus on the Australian economy
Consumer confidence is a timely measure of what Australian households think about their own finances and the state of the economy overall. In the week ending 29 March, the ANZ-Roy Morgan Consumer Confidence index plunged to the lowest level in the nearly-50-year history of that series.
Policy makers need timely information to decide whether economic stimulus might be required. A new indicator based on the unemployment rate can help.