UNEMPLOYMENT is set to fall more using the amount of job opportunities rising to record amounts, fuelling speculation of another interest rate increase. National job openings in the 90 days to August rose 2.9 per cent, seasonally adjusted, based on the Australian Bureau of Statistics. Work opportunities increased by 11.9 % within the year-to August. CommSec shares economist Martin Arnold said with job openings now at a record high, the un-employment rate was set to fall below 4 per cent - from its current 4.3 per cent - as bosses were encouraged by business conditions to get more staff. 'The Australian economy is producing strong growth and business problems are nearly as effective as they get,' he explained. The strength of the economy led a frustrated John Howard to express the public was failing to provide the government credit for financial management. 'I think there is a view in the neighborhood.. Probably an important amount that, for somehow or another, our economic strength and our economic stability and progress is happening naturally, that the economy is on autopilot,' the Prime Minister told a public forum at Ocean Grove on the Victorian coast yesterday. He said this was one of the reasons why the government was faring therefore defectively in the public opinion polls: 'I think people are beginning to just take the Australian economy for granted.' Seasonally-adjusted work vacancies totalled 172,700 in the 3 months to August. Mr Arnold said there have been under three unemployed people for every single work, the bottom level o-n record. Clicking go there. But Mr Arnold said the increase in labour supply, coming from competent migration, would not create earnings challenges.

Openings rise to history
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