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Free AccessREPEAT: Australia Job Vacancies +6.0%, Biggest Since late-2010
Repeats Story Initially Transmitted at 01:46 GMT Sep 28/21:46 EST Sep 27
SYDNEY (MNI) - From job vacancies data for the May-August period published
by the Australian Bureau of Statistics on Thursday:
May-August February-May
---------------------------------------------------------------
(seasonally adjusted) (seasonally adjusted)
All Sectors +6.0 +3.3 (revised from +1.5)
Private Sector +6.1 +3.2 (revised from +1.3)
Public Sector +5.2 +4.5 (revised from +3.8)
FACTORS: Job vacancies rose sharply in the May-August period following an
upward revision to the gain in the February-May quarter. The latest increase was
the largest since late-2010 and was due to a big jump in private sector jobs.
TAKEAWAY: The data is consistent with strong employment growth in the
Australian Bureau of Statistics' monthly labor force surveys that saw a rise of
268,400 jobs in the first eight months this year, marking a monthly average gain
of around 33,000.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.