This is the 65th most frequent Spanish word.
nuevo
New.
Here 'nuevo' is used as an adjective that describes a 'car' as being brand new or recently made.
Compré un coche nuevo.
I bought a new car.
In this context, 'nuevo' implies that the 'job' is a recent acquisition for him, indicating change or replacement.
Él tiene un nuevo empleo.
He has a new job.
In this sentence, 'nuevo' characterizes the 'building' as recently constructed or new in comparison to others in the area.