💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Australia job vacancies climb to record in Nov qtr

Published 10/01/2018, 11:52 am
Updated 10/01/2018, 12:00 pm
© Reuters.  Australia job vacancies climb to record in Nov qtr

SYDNEY, Jan 10 (Reuters) - Job vacancies in Australia climbed to their highest on record in the three months to November, a sixth straight quarter of solid gains that augured well for continued growth in hiring.

Total job vacancies rose 2.7 percent to 210,300 seasonally adjusted in the Sept-Nov quarter, from 204,800 in the previous quarter, data from the Australian Bureau of Statistics showed on Wednesday.

That was the highest reading since the series began in 1979 and left vacancies a healthy 16 percent higher than a year earlier.

Vacancies in the private sector climbed 3.8 percent to 192,000, again the highest on record. That was up 17.3 percent on the previous year.

In contrast, public sector vacancies fell back 7.6 percent in the November quarter to 18,300.

Analysts value the vacancies series as it has proved a reliable leading indicator of labour demand and turning points in employment growth.

The strength in vacancies supports official figures for employment which showed a surge in hiring last year, driving the jobless rate down to 5.4 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.