The Labour Account consists of four quadrant tables: Jobs, People, Hours and Payments. The Labour Account is able to combine data from the Jobs, People, Hours and Payments tables to calculate average hours worked, average remuneration (per person and per job), and average labour costs per job.
The impacts on the labour market since the onset of COVID-19 at the end of the March quarter 2020 have been wide ranging and continue to influence some aspects of the economy. While labour market indicators in certain industries had fully recovered by March 2021, to surpass their March 2020 levels, others continued to reflect ongoing impacts from restrictions to business activities.
A summary of the COVID-19 impacts on hours worked and filled jobs across each industry is provided below. Movements across the four quarters since March quarter 2020 are shown as an index, with March quarter 2020 represented as 100.
It should be noted that data presented below show estimates up to and including March quarter 2021, prior to the end of the JobKeeper wage subsidy.