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Lockdowns in four of eight capital cities in the final two weeks of June led to a 1 per cent fall in payroll jobs, with greater Sydney leading the decline, followed by Brisbane, Darwin and Perth.
But businesses appear to be âhoardingâ staff, according to ANZ senior economist Catherine Birch, choosing to reduce hours rather than lay off people to avoid delays and costs in rehiring once restrictions ease.
âData confirms lots of competition for workers which will limit the current lockdownsâ effect on employment but not hours worked,â Ms Birch said.
Sydneyâs construction sector, which managed to stay open during the first weeks of the latest lockdown, is now shut down.Â
Yen helped by steep drop in U.S. Treasury yields
Bitcoin falls below $30,000 for first time in a month
TOKYO, July 20 (Reuters) - Safe-harbour currencies like the yen and dollar traded near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery.
Cryptocurrencies also sank, with bitcoin falling below $30,000 for the first time in about a month.
The yen traded at 80.09 per Aussie dollar , close to the more-than-five-month high of 80.05 touched on Monday. It stood at 149.48 to the pound , approaching the almost-three-month top of 149.35 reached overnight.
This story features NATIONAL AUSTRALIA BANK LIMITED. For more info SHARE ANALYSIS: NAB
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
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Euro slips after ECB pledges low rates for even longer marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.