Latest news with #whitecollar
Yahoo
20 hours ago
- Business
- Yahoo
Group of Aussies headed for work crisis
Australia's white collar workers will soon be under threat as experts warn the job slow down is 'more complicated' this time around. In its latest release of jobs data, the ABS revealed Australia's unemployment rate soared to 4.3 per cent, its highest level since the post pandemic recovery. The falls were broad-based with NSW, Queensland, Western Australia and the Northern Territory all seeing strong spikes in unemployment. Drilling down into the figures, so far it has impacted blue collar workers disproportionately, but it is expected major technological advancements will flip the script in the next year. ABS data released in June shows workers living in Sydney's west, including the Parramatta district have an unemployment rate of 5.7 per cent, compared to Sutherland in Sydney's south, which recorded just a 2.3 per cent unemployment rate. Meanwhile, those in Melbourne Inner East and South have seen a 0.2 per cent spike in unemployment while those in Geelong have actually seen the market strengthen. AMP chief economist Shane Oliver said this could change as unemployment becomes 'more complicated this time' as the number of new public sector roles drops and AI use becomes more commonplace within corporations. 'Normally it's the more cyclical parts that are vulnerable including manufacturing, construction, and retail,' he told NewsWire. 'This time could be a little different.' 'You've also got the overlay of AI coming in which suggests there could be more of an impact on white collar jobs, as companies seek to lower their costs through the emergence of the new technology.' Seek's monthly jobs data also points to less need for white collar workers. The construction sector was the only area that recorded a lift in job ads in June as a whole, while there were some pockets in growth for those in professional services including markets and communications and accounting. Meanwhile available information and communications technology positions continued to decline, with job ads falling 3.5 per cent in June or 10.5 per cent for the year. Advertised positions in the sector have now fallen below covid levels. Seek senior economist Blair Chapman said there had been a 5.5 per cent fall in job ads, and an increase in the number of Australians looking for work. 'On the other side of the market, applications per job ad have never been higher, and have now surpassed the peak recorded in 2020 when job ads were at their lowest,' he said. 'This rise is due to an increased candidate pool, rather than candidates applying for more roles. 'Over the past couple of years more Australians have taken on a second job, or are looking to do so, and more workers have entered or re-entered the workforce. 'This is likely in response to increased living costs, and as a result, competition is extremely strong for most available roles.'
News.com.au
4 days ago
- Business
- News.com.au
‘More complicated': Changing work conditions to impact white collar workers
Australia's white collar workers will soon be under threat as experts warn the job slow down is 'more complicated' this time around. In its latest release of jobs data, the ABS revealed Australia's unemployment rate soared to 4.3 per cent, its highest level since the post pandemic recovery. The falls were broad-based with NSW, Queensland, Western Australia and the Northern Territory all seeing strong spikes in unemployment. Drilling down into the figures, so far it has impacted blue collar workers disproportionately, but it is expected major technological advancements will flip the script in the next year. ABS data released in June shows workers living in Sydney's west, including the Parramatta district have an unemployment rate of 5.7 per cent, compared to Sutherland in Sydney's south, which recorded just a 2.3 per cent unemployment rate. Meanwhile, those in Melbourne Inner East and South have seen a 0.2 per cent spike in unemployment while those in Geelong have actually seen the market strengthen. AMP chief economist Shane Oliver said this could change as unemployment becomes 'more complicated this time' as the number of new public sector roles drops and AI use becomes more commonplace within corporations. 'Normally it's the more cyclical parts that are vulnerable including manufacturing, construction, and retail,' he told NewsWire. 'This time could be a little different.' 'You've also got the overlay of AI coming in which suggests there could be more of an impact on white collar jobs, as companies seek to lower their costs through the emergence of the new technology.' Seek's monthly jobs data also points to less need for white collar workers. The construction sector was the only area that recorded a lift in job ads in June as a whole, while there were some pockets in growth for those in professional services including markets and communications and accounting. Meanwhile available information and communications technology positions continued to decline, with job ads falling 3.5 per cent in June or 10.5 per cent for the year. Advertised positions in the sector have now fallen below covid levels. Seek senior economist Blair Chapman said there had been a 5.5 per cent fall in job ads, and an increase in the number of Australians looking for work. 'On the other side of the market, applications per job ad have never been higher, and have now surpassed the peak recorded in 2020 when job ads were at their lowest,' he said. 'This rise is due to an increased candidate pool, rather than candidates applying for more roles. 'Over the past couple of years more Australians have taken on a second job, or are looking to do so, and more workers have entered or re-entered the workforce. 'This is likely in response to increased living costs, and as a result, competition is extremely strong for most available roles.'
Wall Street Journal
17-07-2025
- Wall Street Journal
Confessions of an AI Addict
I have a confession: I'm an AI addict. Sure, it's only the 'the top of the first,' as CEOs like to say regarding the integration of AI into work and society. But it is already too late for me. When it comes to getting hooked, I've been tagged out sliding home to end the game. Let others worry about AI putting millions of white-collar workers out of work. What I'm most worried about is what ChatGPT really thinks of me. Does it care as much about me as I do about it?
Bloomberg
17-07-2025
- Business
- Bloomberg
What the Tough Job Market for New College Grads Says About the Economy
It's been a long time since the dream of working your way up from the mail room to the corner office was a plausible outcome, but it might now be officially dead. Some of the reasons are obvious—for one, the internet long ago made the mail room almost obsolete. But as new college graduates have headed out into the job market this summer, they're reporting a different problem: They can't get a foot in the door at all. Landing that first job is trickier right now in some fields than in others, but even in sectors with low unemployment, new entrants to the white-collar labor market describe a far steeper climb than they'd anticipated. The unemployment rate for recent grads sat at 5.8% in March, according to the US Bureau of Labor Statistics—more than twice that for all degree holders and 50% higher than in the spring of 2022.
Entrepreneur
11-07-2025
- Business
- Entrepreneur
People Hate These 10 Phrases in Job Posts and Won't Even Apply
Many applicants don't want to be a company's next "rockstar." Nowadays, it takes people about six months on average to find a job, and applicants seeking high-paying white-collar roles, which saw a post-pandemic boom and subsequent contraction, often find the hunt particularly difficult, The Wall Street Journal reported. Despite the fact that most job applicants who've submitted countless resumes and undergone multi-round interviews are eager to land a position and quit the search, many of them aren't willing to settle for an opportunity that doesn't seem like the right fit. Of course, a job post is often a candidate's first introduction to their next potential role, and as it turns out, the language hiring managers choose to include in it dissuades some people from applying altogether. Related: Don't Expect to Get a New Job in 2025 If You Lack These 2 Skill Sets, New Report Reveals A new study from Adobe Acrobat explores the job listing "red flag" phrases that deter applicants — and how the biggest turnoffs vary across generations. According to the report, which compiled responses from 1,060 individuals, including 807 job-seekers and 253 hiring decision-makers, two unpopular phrases tied for first place, with 33% admitting that they'd make them reconsider a role: "customer-obsessed" and "wear many hats." "Rockstar" (32%), "high sense of urgency" (29%) and "fast-paced environment" (25%) rounded out the rest of the top five phrases that turn off job-seekers, per the data. Related: Want a Job That Pays Enough for a Comfortable Lifestyle? You'll Have the Best Shot in This U.S. City — and the Worst in 4 Others. The survey revealed the rest of the list as follows: 6. "High energy" (24%) 7. "Works well with ambiguity" (21%) 8. "Family" (20%) 9. "Entrepreneurial spirit" (18%) 10. "No task too small" (16%) "Wearing many hats" is most likely to alarm Gen Z and Millennial respondents (38%), while "rockstar" particularly concerns Gen X and Baby Boomer respondents (37%). Millennial and Gen Z applicants also have a different perspective on job listings that highlight a "fast-paced environment," per the research: Millennials are 29% more likely than Gen Z to consider those words a dealbreaker. Related: Are You Making This Common Career Mistake Right Now? Most People Will Say 'Yes' — and the Consequences Can Be Major. Although many hiring managers continue to lean on some of the most disliked phrases (one in seven still include "customer-obsessed"), the report notes that "swapping out clichés for straightforward descriptions not only sets better expectations but also lets a listing stand out for the right reasons."
