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Employment

This Month

The Productivity Commission said the policies could have kept workers tied to unproductive businesses that otherwise would have collapsed in the pandemic.

JobKeeper saved jobs but killed productivity, says commission

Pandemic-era policies abated unemployment but kept workers attached to dud employers, the Productivity Commission says.

  • Michael Read
Sagging job ads put rate cut on agenda

RBA could accept lower unemployment without inflation risk: economists

Others warn the jobs market may now be running too hot, and a longer period of elevated interest rates will be required.

  • John Kehoe and Michael Read
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Employment shock; Libs leader loses trial; Forrest’s vital moment

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

Argentina’s Diego Maradona, second left, is about to score his second goal against England in a World Cup quarter-final soccer match in Mexico City, Mexico.

Michele Bullock could be the Maradona of Australian central banking

The Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate.

  • Paul Bloxham
Craig Emerson.

Emerson overstates RBA’s impact on jobs

Readers’ letters on what 4.5 per cent unemployment really means; delay of the Nature Positive Bill; Reserve Bank independence; office party activities; and South Australia’s high-voltage lines.

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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
Former Perpetual partner Daniel Elias.

Perpetual sues former wealth adviser who defected to Morgan Stanley

The wealth and funds management giant wants to stop Daniel Elias from contacting its clients, and says he is restrained from doing so until next year.

  • Max Mason

November

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
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Employment jumps; Cbus CEO apologises; Trump’s shock pick

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

RBA governor Michele Bullock didn’t expect such solid demand for home loans.

RBA baffled by home loan growth despite rate hikes

Higher interest rates were meant to put the brakes on the housing market. The RBA is asking why the opposite happened.

  • Jonathan Shapiro
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
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Jobless rate holds at 4.1pc; Star’s big fine; Harris’ fiery interview

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

Senior RBA assistant governor Sarah Hunter says the jobs market is slowing but without a spike in unemployment.

Jobs market on display as inflation picture brightens

Australia’s labour market is tipped to keep softening little-by-little as persistently high interest rates weigh on the demand for workers.

  • Poppy Johnston
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Pedestrians in downtown Atlanta, Georgia, where local inflation has dropped below 2 per cent for the first time in almost four years. Georgia is one of the battleground states up for grabs in the US election.

US jobless claims jump to highest in a year on back of hurricane

Analysts say the big increase in unemployment benefit applications came from parts of the country that were most affected by Helene last week.

  • Matt Ott
The payrolls report is likely to alleviate concerns that the labour market is deteriorating.

US jobs growth blows past estimates, unemployment falls to 4.1pc

Non-farm payrolls increased 254,000 in September, the most in six months, leading traders to pare bets on a half-percentage point rate cut in November.

  • Updated
  • Augusta Saraiva
Jobs figures are promising.

US job openings climb to three-month high, exceeding forecast

Job openings rose beyond expectations, but other economic indicators showed a mixed picture of the labour market.

  • Jarrell Dillard

September

The US Steel plant in Clairton, Pennsylvania.

US economy proving still more resilient than expected

GDP expanded at an unrevised 3.0 per cent annualised rate in the June quarter, while it was updated higher to 1.6 per cent for the first three months of 2024.

  • Updated
  • Reuters
Unemployment stayed at 4.2%.

RBA to keep interest rates high after employment jumps 47,000

Economists said the solid jobs numbers meant Australia would not be in a rush to reduce borrowing costs despite a jumbo cut in the US overnight.

  • Updated
  • Michael Read

Original URL: https://www.afr.com/topic/employment-5wo