Job vacancies rebound for February

April 2, 201410:12 am336 views
Job vacancies rebound for February
Job vacancies rebound for February

Job vacancies have risen by 2.6 per cent in the three months to February, as available positions in public and private sectors lifted after weakening in the previous quarter.

Private sector job vacancies grew by 2.7 per cent over the past quarter, while available roles in the public sector edged up by 1 per cent after plunging by 13.8 per cent in the three months to November.

The fall-off in public sector vacancies in the November quarter had reflected the cutbacks by state and federal governments, economists said. Private sector job vacancies had eased by 0.6 per cent for the same period to take the seasonally adjusted fall to 1.7 per cent.

The new data released by the Bureau of Statistics on Wednesday came a day after the Reserve Bank continued to warn in its statement following its board meeting that the jobless rate “will probably rise a little further in the near-term” even after reaching a decade-high of 6 per cent at the start of this year.

Economists said some forward indicators, such as ANZ’s monthly job advertisements series were pointing to a stabilisation in the employment market after its recent declines.

At the same time, strong population growth is expected to continue to outstrip jobs growth and keep the unemployment rate near its recent highs for a few months.


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