Australia jobs report April: Employment Change -594.3K (vs. -575K expected) 6.2% unemployment rate

Australian employment report, enormous job losses due the wide shut down in the month  
Employment Change: -594.3K 
– -575K expected, prior +5.9K
Unemployment Rate: 6.2% showing not as dire as expected – sharp drop in the participation rate though … thus the unemployment rate reported is still bad news indeed