Jobs Slump: Australia Briefing
A sign advertises the closure of a store in Sydney.
Photographer: Brent Lewin/Bloomberg.
Good morning, it’s Sunil here in Sydney with your breakfast menu of the top Australian and global stories.
Today’s must-reads:
• Sinking jobs market
• US-China duel in Pacific
• Red Sea tumult
Employment tumbled in December, boosting the odds of the Reserve Bank of Australia pivoting to monetary easing. The economy shed 65,100 roles, an unexpected outcome led by the biggest monthly drop in full-time employment since the height of pandemic, government data showed.