Telstra workers are losing their jobs – almost one in 10 of them. That’s a big blow from a big business, with Treasurer Jim Chalmers calling it a “distressing day”. Yet, it’s just one gloomy story among many. As large as those Telstra losses are, more than 10 times as many workers became unemployed across Australia in the past month alone.

Then last week the government forecast that jobless queues are set to grow by yet another 60,000 workers. And after just five minutes of sunshine, wage growth is now falling (as those same government........

© The Sydney Morning Herald