
Career change on hold as pandemic prompts workers to stay put in job
Career change on hold as pandemic prompts workers to stay put in job
- Workers retrenched, rather than leaving jobs of their own accord in 2020.
- Number of retrenched workers rose by 60% in 2020.
- Proportion of workers voluntarily changing jobs fell from 26% in 2019 to 21.7% in
2020.
Only one in five workers voluntarily sought to change jobs at the height of the pandemic in
2020, compared to one in four the previous year.
The most common reason why employees left their job in 2020 was due to being retrenched,
rather than leaving of their own accord, with data from the Australian Bureau of Statistics
showing a 60% increase in retrenchments during the height of the pandemic.
The data indicates that workers were holding onto the job they had during the pandemic, as
they sought to weather the impact of the economic downturn.
There is good news for workers, with the V-shaped economic recovery fuelling jobs growth
and pushing job vacancies in Australia to record highs.
However, it is worth noting that more than half of the gains in the labour market have been
part-time and flexible work positions.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreThe biggest movers of the featherweight cryptos today
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%
...read moreThe biggest movers of the middleweight cryptos today
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing
...read moreSee more stories like this
