Jobs growth is tipped to be have been modest in June, taking the unemployment rate slightly higher. The unemployment rate is forecast to rise to 5.8 per cent, from May's 5.7 per cent, according to an AAP survey of 10 economists. "We expect a "business as usual" report, with annual employment growth remaining around two per cent per year as suggested by various job vacancies series," TD Securities chief Asia-Pacific macro strategist Annette Beacher said.

Electronics retailer Dick Smith bought stock for supplier rebates rather than what customers wanted as part of a flawed strategy that contributed to its demise, its administrators say. Six months after stepping in to salvage as much as possible from the failed business, administrator McGrathNicol said there will be a shortfall to creditors of more than $260 million. The administrator's report, released on Wednesday, said employee entitlements have been paid in full to more than 3,300 former Dick Smith staff.

An asbestos scare has stopped work on Perth's new children's hospital and put more heat on the project's contractor. A worker discovered a white powder in a panel while installing a ceiling fan that looked like hazardous white asbestos, or chrysotile, which can cause cancer and is banned in Australia. WA Health Minister John Day said an initial test indicated asbestos was present and if that was confirmed on Thursday 150 roofing panels would be replaced.

Telstra has been forced to modify its promotion of the Channel Seven Olympics app to clear up confusion over its involvement with the Games. Telstra's rival Optus is the official sponsor of the Australian Olympic Committee. The new ad campaign features a closing tag line "Official technology partner of Seven's Olympic Games coverage".

Newly returned Prime Minister Malcolm Turnbull has promised to deliver the strong economic leadership needed in the face of an uncertain global economy. Since the end of the survey period (July 4-7), the prospect of a hung parliament has been avoided with Mr Turnbull claiming a slim majority last Sunday.

IGA supplier Metcash is standing by its chairman Rob Murray who is facing pressure to step down for his involvement in the failure of iconic Australian brand Dick Smith. The Australian Shareholders Association (ASA) says Mr Murray, the former chairman of Dick Smith, should consider quitting or at least stand for re-election at the company's annual general meeting in August. The ASA issued its call on Wednesday as Dick Smith administrator McGrathNicol released its report to creditors, saying creditors of the collapse retailer stood to lose in excess of $260 million.