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Shrinking job ad numbers suggest uneven labour market

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The number of job advertisements in Australia has seen a notable decline, indicating a potential shift in the labour market dynamics.

 
Recent data reveals a decrease in job ads across various industries, signalling a possible improvement in the employment scenario.

In the past month, job postings in sectors such as hospitality, retail, and manufacturing have fallen by 5%, reflecting the ongoing challenges in these sectors due to the pandemic.

The jobless rate has been tracking at very low levels and fell 0.1 percentage points to 3.6 per cent in September, based on official Australian Bureau of Statistics data.

However, this decline is not uniform, as some industries, like technology and healthcare, continue to experience steady job growth.

Economists suggest that this drop in job advertisements could be linked to several factors.

The government’s furlough scheme tapering off has led to increased confidence among employers to retain existing staff and focus on stabilizing their workforce. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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