The report from the Australian Bureau of Statistics suggests that Australia may have lost three-quarters of a million jobs between mid-March and early April when large chunks of the economy were shut down in the fight against the coronavirus.

Figures from the Australian Bureau of Statistics showed jobs recorded by the Australian Taxation Office payroll system fell six percent between March 14 and April 4.

The ABS monthly employment report for estimated there were 13 MN working in early March, suggesting around 780,000 jobs may have been lost by early April.

The largest drop was in the accommodation and food services industry where a quarter of jobs were lost, while arts and recreation shed almost 19 percent of workers.

"The largest impact of net job losses, in percentage terms, was for people aged under 20, for whom jobs decreased by 9.9 percent," said Bjorn Jarvis, head of labour statistics at the ABS.

Total wages paid by businesses decreased by 6.7 percent over the period.

This was the first release of the payrolls series, which uses data reported by businesses through the ATO to provide much more timely numbers than the monthly jobs report.

The ATO system covers about 99 percent of substantial employers, those with 20 or more workers, and 71percent of smaller employers.

The largest drop was in the accommodation and food services industry where a quarter of jobs were lost, while arts and recreation shed almost 19 percent of workers.

The data comes as minutes of Australia's central bank's April policy meeting, also out on Tuesday, showed the country's gross domestic product (GDP) could shrink "significantly" in the June quarter and remain subdued through September.