Don't think so. Retail trade accounts for approximately 10% of the workforce. A certain percentage of those will remain employed. I believe the estimates are for possibly an unemployment rate over 15% (from 5.2% before this crisis began). That's still large numbers.What will the unemployment rate be next month? 30-40%?
Huge numbers of Australian retailers are shutting their doors this week as pressures from the coronavirus on their businesses continue to mount.www.theage.com.au