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The telco pays up after scammers exploited ID check weakness at subsidiary Coles Mobile. Follow today’s news live

Good morning, and welcome to Wednesday. Nick Visser here to mind the blog today. Let’s jump in.

Australia’s job market is locking out people who most need a chance to work, Anglicare Australia’s annual Jobs Availability Snapshot has revealed.

For every entry-level vacancy, there are 39 people on the JobSeeker payment.

Of those, 25 have barriers to work. This is the highest ratio ever recorded by the Snapshot.

Entry-level jobs now make up just 11% of all vacancies. This is their lowest share in a decade.

All of this shows that people are being failed by a system that treats unemployment as a personal fault instead of a policy failure.

Taxpayers are spending billions of dollars on private employment providers whose business model depends on compliance and punishment. They profit whether or not people find work. Meanwhile, people are stuck in endless appointments and meaningless activities – all while competing for jobs that simply aren’t there.

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