UN-EMPLOYMENT is ready to drop more with the quantity of job openings rising to record amounts, fuelling speculation of another interest-rate rise. National job opportunities in the 90 days to August rose 2.9 per cent, seasonally modified, according to the Australian Bureau of Statistics. Work openings increased by 11.9 per cent within the year to August. CommSec stocks economist Martin Arnold said with job vacancies now at a record high, the unemployment rate was set to drop below 4 per cent - from its present 4.3 per cent - as business conditions motivated businesses to get more staff. 'The Australian economy is producing solid growth and business problems are practically as good as they get,' he explained. The potency of the economy light emitting diode a frustrated John Howard to say the general public was a deep failing to give the federal government credit for economic management. If you believe anything, you will perhaps want to research about Analysis includes supplementary information about how to engage in this hypothesis. UBS chief economist Scott Haslem said the progress in job opportunities would contribute to higher inflation in-the final months of 2007. He predicted the Reserve Bank would increase interest rates in February 2008 to stop inflation going above the RBA's 3-per cent target range. However Mr Arnold said the increase in labour supply, via qualified migration, would not make earnings pressures.

Openings increase to record
There are no comments on this page.
Valid XHTML :: Valid CSS: :: Powered by WikkaWiki