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

Australia job vacancies jump to 4-yr high in Aug qtr

Published 29/09/2016, 11:47 am
Australia job vacancies jump to 4-yr high in Aug qtr

SYDNEY, Sept 29 (Reuters) - Job vacancies in Australia rebounded by 4.5 percent in the three months to August to hit the highest since mid-2012, a promising sign for a pick up in labour demand.

Total job vacancies rose to 177,300 seasonally adjusted in the June-August quarter, from 169,600 in the three months to May, data from the Australian Bureau of Statistics on Thursday showed.

Vacancies were 9.8 percent higher than in the same period last year.

Vacancies in the private sector climbed 4.6 percent to 160,100, again the highest number since 2012. That was up 8.2 percent on the August quarter last year.

Public sector vacancies increased by 4.9 percent to 17,200, which was the highest since late 2011.

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

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.