Employment expected to rise solidly
October 10, 2007
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Another strong labour force report is expected, which will add to the risk of higher interest rates, possibly as early as next month.
The Australian Bureau of Statistics data was expected to show a further 20,000 rise in employment for the month of September, on top of the 31,900 established in August, economists said.
Some 170,000 jobs have been created so far this year.
The jobless rate is forecast to remain steady at a 33-year low of 4.3 per cent for a fifth straight month despite this expected employment increase.
This was because more people were likely to become officially unemployed searching for a job under the government's Welfare to Work scheme, economists said.
Prime Minister John Howard said earlier this week he wanted Australia to become a full-employment economy and that the election would be a "referendum on which party is best equipped to achieve this goal".
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Advertisement
Another strong labour force report is expected, which will add to the risk of higher interest rates, possibly as early as next month.
The Australian Bureau of Statistics data was expected to show a further 20,000 rise in employment for the month of September, on top of the 31,900 established in August, economists said.
Some 170,000 jobs have been created so far this year.
The jobless rate is forecast to remain steady at a 33-year low of 4.3 per cent for a fifth straight month despite this expected employment increase.
This was because more people were likely to become officially unemployed searching for a job under the government's Welfare to Work scheme, economists said.
Prime Minister John Howard said earlier this week he wanted Australia to become a full-employment economy and that the election would be a "referendum on which party is best equipped to achieve this goal".
Visit DiversityJobs.com for information on Diversity in the workplace
Labels: Australia, employment
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