The union covering nurses says its members are extremely worried about New South Wales Government plans to shed up to 400 full-time jobs at north coast hospitals. ABC Online

More than 600 people have lost their jobs in the Far North in the past three months, as the global credit crisis batters the economy. Cairns Post

Retrenchments in the Australian branches of some US companies, combined with staff freezes and cuts, are limiting marketing job opportunities. The Australian

The mass job cuts announced by Citigroup overnight will affect its Australian workforce, the company says. Herald Sun

Macquarie Group foreshadowed today job cuts across its banking business, but refused to reveal how many workers will be slashed. The Australian 

Up to 87,000 Sydney jobs could be lost over the next year if a downturn in construction continues, developers say. Sydney Morning Herald

And so it goes. The million stories that give a clue to the shifting tectonic plates of the Real Economy. Happy first year, Kevin Rudd. Welcome to your second.

Peter Fray

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