posted by Administrator on Apr 11
While the employment market in the United States is not in a very good shape these days, it’s the opposite in Australia. There is now hiring boom there and the jobless rate has gone down. This is despite the slight rise in interest rate implemented by its Central Bank recently.
Bloomberg.com reports that Australian employment has increased for a record 17th month.This is the longest hiring boom so far, with 5,300 more full-time positions and 9,500 more part-time jobs.
As I see it, Australia’s labor market is improving and it’s a good indicator that its economy is doing fine, too. I think both the government and the private sector that created jobs deserve full credit for this.
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