This Month
Jobs are booming in this industry, but the cause is rooted in sadness
A mental health services recruiter says demand for employer assistance programs has skyrocketed since the pandemic as people battle cost of living pressures.
- Gus McCubbing
US jobless claims jump to the highest level in 10 months
The number of unemployment claims rose 13,000, higher than economists expected.
- Matt Ott
Job losses near record lows as unemployment falls to 4pc
The share of workers losing or leaving their jobs has fallen to a near-record low as the labour market shows remarkable resilience to higher interest rates.
- Updated
- Michael Read
Jobless rate falls to 4pc | Chemist Warehouse deal lessons competition | Wall St guru fears ‘unstable’ backdrop
Read everything that’s happened in the news so far today.
- Updated
- Workplace culture
Canva co-founder calls for ‘wartime’ approach to staff performance
Cliff Obrecht says companies that let poor performance slide are forced to do big lay-offs, something the graphic design group headed for an IPO has avoided.
- Updated
- Nick Bonyhady
Businesses hit the brakes on large pay rises
The pandemic era of inflated salary increases appears to be over as the economy slows and skills shortages ease.
- Euan Black
Far-right surges in EU elections | 2000 education jobs lost already | Questions still hang over Nine
Read everything that’s happened in the news so far today.
US adds far more jobs than expected in sign of economic health
US employers added a vigorous 272,000 jobs in May, as the economy showed resilience that will prove a boost to President Joe Biden.
- Updated
- Christopher Rugaber
Strong US jobs growth dashes hopes of rate cut as Wall Street stocks close lower
The US economy generated far more jobs than forecast, prompting traders to slash their bets on an interest rate reduction in September.
- Updated
- Chibuike Oguh
Westpac’s chief economist Luci Ellis’ sliding doors moment
It is rare people can point to a single, pivotal, life-changing moment but two events, 30 years apart, have shaped her career.
- Ronald Mizen
- Exclusive
- Workplace
Domestic violence leave has been law for a year. Almost no one uses it
Employers are being urged to do more for victim survivors of domestic violence after a survey revealed new leave entitlements were hardly being used.
- Euan Black and Ronald Mizen
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- Updated
- Opinion
- Chanticleer
A ride with a billionaire and a PE bigwig ends in ugly crash
We can see how APM’s $2.1 billion buyout offers a neat solution, but that doesn’t mean it is a good story for the ASX. It is a shocker.
- Anthony Macdonald
Madison Dearborn ups APM takeover price to $1.45; deal signed
MDP bumped its acquisition price to $1.45 a share to get APM’s independent board committee over the line.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
Aussie unicorn founder says all workers will need AI knowledge
Culture Amp co-founder and chief technology officer Douglas English says AI will enhance, rather than replace, human employees.
- Updated
Matt Comyn on how AI will change jobs
Commonwealth Bank chief executive Matt Comyn says the rise of artificial intelligence could be as significant as the industrial and scientific revolutions.
- Updated
Migrants are ‘driving Ubers’, not working skilled jobs
More than half of skilled migrants are working in occupations they are overqualified for, suggesting that Australia is failing to capitalise on foreign workers to fill skills shortages.
- John Kehoe
More jobs go at Downer EDI in efficiency drive
Dozens of employees have lost their jobs in a new wave of cost-cutting including senior executives and people in the engineering group’s IT operations.
- Jenny Wiggins
Mobile users face price rises as Telstra swings the axe
Customers could be hit with above-inflation price increases for mobile phone plans, as well as higher internet fees, as the telecommunications giant slashes costs.
- Updated
- Jenny Wiggins
- Opinion
- Immigration
Dutton’s migrant crackdown treats economy with disdain
In the populist pitch to bring down house prices, there is little recognition of the role of migrants in filling acute skills shortages across the economy.
- Jessica Gardner
