Business Survival Guide

May 2020 Jobs Data

May 2020 Jobs Data

The ABS released the May 2020 Jobs Data stats today which show the real human impact of the COVID-19 shutdowns.

Between February and May:

  • Over 838,000 jobs were lost.
  • Women and people under 25 were the hardest hit
  • Unemployment is up 32.8% and is now 7.1%.
  • The number of hours worked has fallen by 9.4%.
  • Workforce participation rates have fallen by 4.7%.

The only shining light is that JobKeeper has had some positive impact as some people have kept their jobs, but working less (as seen by the 9.4% fall in hours worked being higher than the 6.5% fall in the number of employed people).

Let’s wait and see what happens when the economy opens fully.

 

 

If you want a confidential discussion on your business situation, contact me below

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Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you.  In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face.  And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

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To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.
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Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

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Business Survival Guide