In the previews posted the warnings were that the jobs report was conducted ahead of the lock down restrictions.
And thus we got a positive instead of a negative report.
Don't pay it too much attention, March 1 - 14 labour market data is ancient history, April will be a huge drop.
The report was enough to take out a few shorts though:
Australian Bureau of Statistics comment:
- Our March Labour Force results do not show major impacts from COVID-19, as the collection period for this data fell before many Government measures were enacted.
Note the April report will use survey from March 29 to April 11 - this will be a much worse result.
