Market Intelligence Reports

Quarterly APAC Market Report Q3 2020

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10 October, 2020 Schools Reopened Non-essential Shops Open Bars and Restaurants Open International Travel Allowed Arrival Free of Quarantine Australian borders are closed, however a travel corridor has been set up for people that have been in New Zealand for the previous 14 days. Some restrictions between states and metro and regional areas especially in Victoria. Australia Employment Situation During September, more than 31% of workers worked from home on most days compared with 12% in March (before the onset of restrictions). 33% of workers do not have access to any sick leave. Of those with sick leave, 18% do not have enough to take two weeks off work. 1.6 million people are currently on JobSeeker benefits as the requirement to be looking for work was temporarily paused. >130,000 university students are expected to graduate in Q4 2020. The job market is the worst since the 1990s recession. 15-24 year old unemployment was 14.5% in September. The Government has introduced a JobMaking Hiring Credit scheme to encourage eligible employers to hire job seekers aged 16-35 years. Sources: https://www.abs.gov.au/statistics/people/people-and-communities/household-impacts-covid- 19-survey/latest-releasehttps://www.smh.com.au/politics/federal/thousands-of-university- graduates-to-face-worst-job-market-in-30-years-20201016-p565sb.html https://budget.gov.au/2020-21/content/jobmaker.htm https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force- australia/sep-2020 https://www.health.gov.au/ https://www.coronavirus.vic.gov.au/coronavirus-covid-19-restrictions-roadmaps Total Workforce (Sept) 13,509K % Unemployed (Sept) 6.9% Unemployed Workers 932K Underemployed Workers 1,708K Covid-19 Restrictions – October 2020 Labor Force (in thousands) and Unemployment Rate by Quarter Most Recent Workforce Statistics Manpower Q4 Employment Outlook Survey (MEOS) Youth Employment Situation Total Covid-19 Deaths (22 nd October 2020) https://www.worldometers.info/coronavirus

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