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Employment

This Month

Britain’s economy wasn’t quite as gloomy as everyone thought.

BoE keeps rates at 15-year high despite economy fears

The central bank left the main rate at 5.25 per cent, where it has stood since August following the end of nearly two years of increases.

  • Pan Pylas
Federal Reserve chairman Jerome Powell has has warned that additional rate increases are not off the table.

US inflation data strengthens hopes of rate pause

The mixed picture in the US inflation report will probably keep the Federal Reserve on track to leave its benchmark interest rate unchanged.

  • Updated
  • Matthew Cranston
Markets have enjoyed a stunning ride in November. as rate cuts are priced in.

Five ways a soft landing could become a hard landing

The momentum in markets right now is strong, but investors are highly leveraged to a Goldilocks outcome of falling interest rates and a gently softening economy. But what if consensus is wrong?

  • James Thomson

US job growth accelerates in November, denting rate cut bets

Non-farm payrolls increased by 199,000 jobs last month, the jobless rate slipped to 3.7 per cent and wages increased 0.4 per cent.

  • Updated
  • Lucia Mutikani
The Chanticleer podcast features James Thomson and Anthony Macdonald.

Chemist Warehouse’s $10b moment, Woodside Santos ‘love story’, the other recession

In this week’s episode, James and Anthony dive into a staggering burst of deal-making with Chemist Warehouse, Woodside and Santos.

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Federal Treasurer Jim Chalmers.

RBA dual mandate tweak could mean higher rates for longer

Jim Chalmers has axed a proposal requiring the RBA to give “equal consideration” to employment and inflation, in an agreement that may mean rates are higher for longer.

  • Updated
  • Michael Read
The Chanticleer podcast features James Thomson and Anthony Macdonald.

Munger’s magic | Why deals are dying | CEO pulse check

In this week’s episode, James and Anthony farewell one of the investment world’s greatest showmen, look at why deals are falling apart, and check the pulse of the economy.

November

The report found more than 500,000 people have been in the system for more than 12 months, and 50,000 for more than 10 years.

Calls to add Seek and LinkedIn to government employment services

Australia’s $7.1 billion employment services system no longer represents a coherent or efficient mechanism to help job seekers find work, a review has found.

  • Updated
  • Tom McIlroy
 The RBA is trying to achieve something extraordinarily ambitious.

Does the Reserve Bank’s ‘narrow pathway’ to a soft landing exist?

The central bank aspires to bring inflation down while maintaining close to full employment. But this is not how things have worked out in the past.

  • Paul Bloxham
Infrastructure cuts will help ease pressure on the economy.

Infrastructure clean-up warranted as migration keeps jobs market hot

Cleaning up the bloated infrastructure pipeline will help take some heat out of the economy.

  • James Thomson
The unemployment rate edged sightly higher to 3.7 per cent.

Outlook for jobs market looking increasingly challenging

Workforce participation hit a record last month, driven by a record result for women, but while many people found employment almost 28,000 joined the dole queue.

  • Updated
  • Ronald Mizen

Employment jumps; 50 axed projects listed; Rival raids law firm

Read everything that’s happened in the news so far today.

Found: ABS uncovers extra 270,000 government workers

A new way of calculating the size of the public sector has revealed the headcount is 270,000 larger than had been recorded.

  • Updated
  • Tom Burton
White-collar job openings have fallen as high interest rates cause tech firms and banks to lay off workers.

Chefs and secretaries are in high demand. Bankers not so much

White-collar job openings have sunk below pre-pandemic levels, while advertisements for low-paid retail and hospitality positions boom.

  • Michael Read
People in South Korea have better things to do than google inflation.

What can inflation-strugglers learn from inflation-killers?

Start with the problem countries. In Australia, our worst performer, the labour market is on fire.

  • The Economist
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ASX to rise as jobs data tests rates outlook

Australian shares are set to open higher on Monday, ahead of a flurry of economic indicators that are set to test the Reserve Bank’s first batch of forecasts.

  • Updated
  • Joshua Peach
Guides to navigation onboard an ABS ship.

Sea safety at stake in contract row

A company’s 22-year connection to maritime navigation looks uncertain after a government agency changed its tender process.

  • Ronald Mizen
Workers at an Amazon centre in New York.

US employers scale back hiring in October

US futures turned positive as the report underscored investor expectations that the Federal Reserve was done with its tightening campaign.

  • Paul Wiseman
America’s unemployment rate has dropped from a pandemic high of 14.8 per cent to 5.4 per cent.

US jobless claims rise moderately as Q3 productivity surges

The United States’ labour market continues to defy the economic downturn, though unemployment rose to the highest in six months.

  • Lucia Mutikani

October

Strong spending at retailers and hospitality venues has helped Tyro Payments to a bumper first-half.

Burke agrees to amend IR bill to ensure regular work for casuals

Employers had raised concerns that new laws in the Closing the Loopholes bill would mean business could not engage casuals on a regular basis.

  • David Marin-Guzman