NEWSFLASH! In September I will join The Conversation as its Business and Economy Editor. I have been honoured to work at The Age for the past ten years, originally alongside the legendry Tim Colebatch, and for the past four years as economics editor in my own right.

At The Conversation, my job will be to make the best thinking from Australia's 40 univerisites accessible to the widest possible audience. That means you. From the new year I will also write a weekly column.

On this site are most of the important things I have written for Fairfax and the ABC over the past few decades. I recommend the Search function. The site is a record for you, as well as me.

I'll continue to post great things from The Conversation and other places here, and also on Twitter and Facebook. Enjoy.

Monday, December 08, 2008

What's about to happen to employment?

In the US non-farm payrolls fell an astonishing 533,000 in November. That's right. half a million jobs lost.

Here? Well look at the the ANZ job ads count for November, just released. Job ads fell 8.6% following a fall of 5.9%. They're the blue line.

Employment, the grey line, has held its own. To date.  (Click to enlarge)