The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
3
print
Print
RetailAna NarvaezTue 05 May 20

One Third of Hospitality, Hotel Jobs Lost

67bc8c9f-c9bc-4bd6-a471-5209b748a573

Almost one million Australians lost their jobs in five weeks, with the hospitality and tourism sectors worst affected by social distancing restrictions.

More than a third of employees in hotels, cafes and restaurants lost their jobs from 14 March—the date Australia recorded its 100th coronavirus case—until the week ending 18 April.

The ABS payroll data showed job losses of 7.5 per cent, with wages down 8.2 per cent. The numbers, as well as the 5 million Australians on job keeper, one million on job seeker and million-odd accessing their super, has placed pressure on the national cabinet to re-open the prime minister said on Tuesday.

Scott Morrison said that the national cabinet is now focused on “getting Australians back to work”.

“We now need to get 1 million Australians back to work. That is the curve we need to address,” Morrison said, referencing the 146,000 jobs lost in retail, 120,000 jobs in construction and more than 180,000 jobs lost in the arts.

Carriageworks is the latest arts casualty, appointing KPMG administrators as it battles an “irreparable loss of income”. The facility is the largest multi-arts centre in the country.

Economists Shane Wright and Alex Joiner pointed out that the latest ABS data suggests an unemployment rate closer to 12 per cent, while RBA governor Philip Lowe said the board expects unemployment to peak at around 10 per cent.

Related: Labour Shift Weighs On Property Markets

▲ Scott Morrison raised the prospect of reopening pubs and clubs as more than a third of employees in accommodation and food services lost their jobs.


In holding the cash rate at 0.25 per cent at Tuesday’s meeting, the board considered a baseline scenario of a 10 per cent fall in GDP over the first half of 2020. The bank also broadened the range of eligible collateral for its daily market operations.

Speaking at the press club on Tuesday, treasurer Josh Frydenberg said that the coronavirus is costing the economy $4 billion a week.

The knock-on effect of a public health crisis and social distancing restrictions “dwarfs” the economic shock of the global financial crisis, Frydenberg said.

ABS head of labour statistics Bjorn Jarvis said that the majority of jobs lost between mid-March and mid-April were in accommodation and food—33.4 per cent—and arts and recreation at 27 per cent.

“Job losses in accommodation and food services were greatest in South Australia (-39.7pc) and Victoria (-35.6pc).

“Looking at the week-to-week changes, the decrease in the number of jobs in the week ending 18 April was 1.5 per cent, which was larger than the 0.3 per cent decrease in week ending 11 April 2020,” Jarvis said.


HotelRetailAustraliaPolicySector
AUTHOR
Ana Narvaez
The Urban Developer - Editorial Director
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
The Sydney developer is pushing ahead with a project it picked up following the collapse of Dyldam in 2020....
LATEST
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/abs-jobs-hospitality-coronavirus-economy