UNEMPLOYMENT is set to fall further with the number of job vacancies rising to record levels, fuelling speculation of another interest rate rise.
National job vacancies in the three months to August rose 2.9 per cent, seasonally adjusted, according to the Australian Bureau of Statistics.
Job vacancies rose by 11.9 per cent in the year to August.
CommSec equities economist Martin Arnold said with job vacancies now at a record high, the unemployment rate was set to fall below 4 per cent – from its present 4.3 per cent – as business conditions encouraged bosses to seek more staff.
“The Australian economy is recording solid growth and business conditions are virtually as good as they get,” he said.
The strength of the economy led a frustrated John Howard to say the public was failing to give the government credit for economic management.
“I think there is a view in the community … perhaps a significant number that, for somehow or another, our economic strength and our economic stability and growth is happening naturally, that the economy is on autopilot,” the Prime Minister told a public forum...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
