Money Australia job vacancies climb to record in November quarter

17:41  10 january  2018
17:41  10 january  2018 Source:   Reuters

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SYDNEY (Reuters) - Job vacancies in Australia climbed to their highest on record in the three months to November , a sixth straight quarter of solid gains that augured well for continued growth in hiring.

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a group of people walking down a street holding an umbrella: FILE PHOTO: Businessmen use their phones as they stand in the central business district (CBD) of Sydney in Australia© REUTERS/Steven Saphore/File Photo FILE PHOTO: Businessmen use their phones as they stand in the central business district (CBD) of Sydney in Australia Job vacancies in Australia climbed to their highest on record in the three months to November, a sixth straight quarter of solid gains that augured well for continued growth in hiring.

Total job vacancies rose 2.7 percent to 210,300 seasonally adjusted in the Sept-Nov quarter, from 204,800 in the previous quarter, data from the Australian Bureau of Statistics showed on Wednesday.

That was the highest reading since the series began in 1979 and left vacancies a healthy 16 percent higher than a year earlier.

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Job vacancies in Australia surged to their highest on record in the August quarter , auguring well for continued strong growth in hiring. Vacancies in the private sector climbed 6.1 percent to 183,7000, again the highest on record .

Job vacancies hit record levels in November , driven by employers in the private sector, most notably in service industries. The number of job vacancies in Australia climbed to record levels in November and look like rising further in 2018, an economist says.

Vacancies in the private sector climbed 3.8 percent to 192,000, again the highest on record. That was up 17.3 percent on the previous year.

In contrast, public sector vacancies fell back 7.6 percent in the November quarter to 18,300.

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

The strength in vacancies supports official figures for employment which showed a surge in hiring last year, driving the jobless rate down to 5.4 percent.

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