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Jobs

This Month

Federal Reserve chairman Jerome Powell.

Fed on track to cut rates: Wall Street’s view of jobs data

November’s payrolls report keeps open the door for a quarter point rate cut this month, though next week’s CPI data still needs to be cleared.

  • Timothy Moore
The figures, after accounting for payrolls swings related to a Boeing strike and hurricanes, support the Fed’s view that the job market remains solid.

US payrolls rebound, economy adds 227,000 jobs

The unemployment rate edged higher to 4.2 per cent, pointing to cooling demand for workers and confirming the case for a rate cut this month.

  • Augusta Saraiva
Minister for Finance and the Public Service, Katy Gallagher, Treasurer Jim Chalmers and Prime Minister Anthony Albanese.

Public sector jobs surge props up economy

Employment in the public sector is growing at double the pace of the private sector.

  • John Kehoe
Here I am: Lucy McKenzie in London.

Pretty textbook stuff: Life as a lawyer in London

Former Adelaide resident Lucy McKenzie managed to write an 87-page textbook while working in Ashurst’s UK dispute resolution practice. But the best thing about working as a lawyer in London? The leave.

  • Updated
  • Daniel Arbon, Maxim Shanahan and Ciara Seccombe
The Albanese government has set up the Net Zero Economy Authority to promote an orderly energy transformation for Australia.

Energy workers hit hardest by transition: RBA research

Workers laid off from emissions-intensive roles suffered larger income falls than other workers losing jobs, according to Reserve Bank researchers.

  • John Kehoe
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Steve Evans in Melbourne

Demand for offshore white-collar workers triples firm’s revenue

ConnectOS specialises in hiring and managing low-cost staff in the Philippines on behalf of other companies.

  • Edmund Tadros
John Seeley of Seeley International , manufacturers of heaters and air conditioners, says its easier to do business in SA than it is in Victoria.

BCA scorecard ranks the best and worst states for business

The report names Victoria as the worst state or territory to run a business, with its onerous regulations acting against growth and investment on many measures

  • Patrick Durkin and Gus McCubbing

November

Mary Connolly started her career in tax at PwC and is now a product manager at Canva.

Five tips to land a job at a unicorn

Want to work at Australia’s most valuable private technology company? You’ll need to pass the ‘Canva challenge’ first.

  • Tess Bennett
Gavin Sas, the owner of G Effect Painting in Traralgon, wants to hire an apprentice but says he cannot afford to do so.

The big trend working against the PM’s 1.2m homes target

Painter Gavin Sas wants to hire an apprentice to expand his business, but the initial cost is too high. It’s a small part of a bigger problem.

  • Euan Black
 The team at  SustainHealth Recruitment

A one-woman firm becomes a $29m national recruiter

Kay Reynoldson says loyalty underpins healthy growth for this nursing recruiter where revenues have tripled.

  • Michael Smith
A worker oversees molten iron flowing from a blast furnace at the ThyssenKrupp steel mill in Germany.

Thyssenkrupp to cut 11,000 jobs at struggling steel unit

The layoff plan would shrink a business that has lost billions of euros to a global steel glut and rising energy prices.

  • William Wilkes
A restaurant worker cleans tables in East Village, New York. Labour markets have remained on a solid footing throughout the tightening cycle.

US jobless claims fall to near seven-month lows

The total number of Americans collecting jobless benefits rose, suggesting that demand for workers is waning, even as the economy remains strong.

  • Matt Ott
America’s commercial property sector is the world’s largest, and it is struggling.

US unemployment claims fall to lowest in six months

The Labour Department figures are a sign that layoffs remain at relatively healthy levels.

  • Matt Ott
The RBA board has left the cash rate on hold at 4.35 per cent.

Albanese increasingly likely to face voters without a rate cut

NAB and RBC Capital Markets now expect the RBA to leave the cash rate on hold until May, after the latest practical date for an election.

  • Updated
  • Michael Read
Office property, particularly in Sydney and Melbourne, could benefit from the coming boom in AI-related jobs.

AI job growth to fuel demand for 480,000sq m of office space: report

JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.

  • Michael Bleby
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Have a listen to this AI sales call – it’s getting scarily realistic

When it came to selling a new range of drinks to schools, supermarkets and petrol stations, a Brisbane entrepreneur succeeded with artificial intelligence.

  • Tess Bennett
Manufacturing payrolls employment fell 46,000, the biggest drop since April 2020 and largely reflecting strike activity including 33,000 Boeing workers.

Fed seen on track for rate cut despite weak US October payrolls

Nonfarm payrolls increased just 12,000 last month, but the figures were likely distorted by two hurricanes and a major strike at Boeing.

  • Updated
  • Molly Smith and Jonnelle Marte

October

Private employers hired far more workers than expected last month.

US job openings fell in September to a three-year low

The number of layoffs also rose. And the number of Americans who quit their jobs fell below 3.1 million, the lowest level since August 2020.

  • Paul Wiseman
Brooke Simpson, one of 12 advisers on the program, says she was drawn to the scheme by the opportunity to work with interesting clients and learn from experienced advisers.

Wilsons Advisory grows new generation of financial advisers

Financial services firm Wilsons Advisory has announced a new associate adviser program to address skills shortages and better serve a changing client base.

  • Euan Black
A conversation with a career coach helped Canva’s Charlotte Anderson realise she wanted to create a new role for herself.

How execs create their own jobs

BOSS talks to three executives who came up with their own titles or convinced an employer to create a new position for them.

  • Euan Black