Vacancies rise to record

Izvor: KiWi

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Inačica od 21:20, 24. svibnja 2013.

UNEMPLOYMENT is placed to fall more with the number of job openings climbing to record amounts, fuelling speculation of another interest rise.

National job openings in the 3 months to August rose 2.9 per cent, seasonally modified, in line with the Australian Bureau of Statistics Egbuonu/dp/0982609302/ emigration book reviews .

Job vacancies increased by 11.9 percent in the year to August.

CommSec shares economist Martin Arnold said with job vacancies now at a high, as business conditions encouraged bosses to find more staff - the unemployment rate was set to drop below 4 per cent - from its present 4.3 per cent.

"The Australian economy is taking stable growth and business conditions are virtually as effective as they get," he explained.

The strength of the economy light emitting diode a frustrated John Howard to state the public was a failure to offer the government credit for financial management.

"I think there is a view in the neighborhood... Probably a significant number that, for somehow or another, our economic strength and our economic stability and development is happening naturally, that the economy is on autopilot," the Prime Minister told a forum at Ocean Grove on the coast yesterday.

He explained this was one of the reasons why the federal government was performing so poorly in the public view polls: "I think people are just starting to take the Australian economy for granted."

Seasonally-adjusted work openings totalled 172,700 within the 3 months to August.

Mr Arnold said there have been less than three unemployed people for each vacant work, the lowest level on record.

Business companies is one of the strongest growth areas, with 45,200 vacancies, 28.4 percent more than a year ago.

The variety of positions vacant in the communications industry has a lot more than doubled to 2800 in the same period.

There is strong demand for labour in the retail trade, design and transportation industries.

Areas that look like less desperate for staff include hospitality, recreation and personal ser-vices.

The public sector is continuing to expand, using the amount of vacant jobs 11.8 % higher than last year like i said .

In the year to August, job openings in the boom state of Western Australia were up by 31.8 per cent, unadjusted, used by the ACT, that has been up 31 per cent.

Just Queensland had a fall, with year-on-year openings down 3.3 %.

Matthew Johnson, the senior economist at agent ICAP, said the rise in jobs opportunities should offer employment growth of more than 2 per cent.

"This means that unemployment will probably fall lower, and that every one from the Reserve Bank down will continue to fret about wage-push inflation," he said.

High job vacancies and low unemployment is a normal recipe for inflation, with a limit to exactly how many jobs could be filled.

There's, to date, been no evidence of wage inflation, with the average cost of work increasing largely in-line with prices within the economy. Another inflation figures are published on October 24.

UBS primary economist Scott Haslem said the growth in job openings would donate to higher inflation in-the final months of 2007. He believed the Reserve Bank would raise interest rates in February 2008 to stop inflation going above the RBA's 3 per cent target range.

Nevertheless Mr Arnold said the increase in labour supply, coming from migration, would not generate earnings difficulties.