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Victoria mourns job losses, prolonged recession

Matthew Cranston
Matthew CranstonUnited States correspondent

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Australia is in danger of marking its first three-quarters of economic contraction since the 1982 recession as Victoria's virus lockdown threatens to last beyond its six-week schedule, stalling the national jobs and spending recovery despite a surge in government stimulus payments.

In the week to July 11, 1.4 per cent of Victorian jobs were cut, according to tax office payroll figures released on Tuesday, driving a 0.6 per cent national fall and reversing some of the gains from May to the end of June as the economy started to reopen.

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/policy/economy/victoria-mourns-job-losses-prolonged-recession-20200728-p55g9l