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UNEMPLOYMENT is set to fall further with the number of job vacancies increasing to record levels, fuelling speculation of an additional interest rate rise. National job vacancies in the 3 months to August rose two.9 per cent, seasonally adjusted, according to the Australian Bureau of Statistics. Job vacancies rose by 11.9 per cent in the year to August. CommSec equities economist Martin Arnold mentioned with job vacancies now at a record higher, the unemployment rate was set to fall below 4 per cent - from its present 4.three per cent - as organization circumstances encouraged bosses to seek much more staff. "The Australian economy is recording solid growth and organization conditions are practically as excellent as they get," he mentioned. The strength of the economy led a frustrated John Howard to say the public was failing to give the government credit for economic management. "I believe there is a view in the community .. Dig up more on our affiliated paper - Click here: [http://www.anaestheticprivatepractice.com.au/home details] . probably a significant number that, for somehow or yet another, our economic strength and our economic stability and growth is happening naturally, that the economy is on autopilot," the Prime Minister told a public forum at Ocean Grove on the Victorian coast yesterday. He said this was 1 of the causes why the government was faring so poorly in the public opinion polls: "I think people are starting to take the Australian economy for granted." Seasonally-adjusted job vacancies totalled 172,700 in the three months to August. Mr Arnold mentioned there had been fewer than 3 unemployed men and women for each and every vacant job, the lowest level on record. Company solutions has been a single of the strongest development regions, with 45,200 vacancies, 28.four per cent much more than a year ago. The quantity of positions vacant in the communications industry has much more than doubled to 2800 in the exact same period. There was sturdy demand for labour in the building, retail trade and transport industries. Places that appear to be less desperate for staff contain hospitality, recreation and private services. The public sector is continuing to expand, with the quantity of vacant jobs 11.eight per cent higher than a year ago. In the year to August, job vacancies in the boom state of Western Australia have been up by 31.8 per cent, unadjusted, followed by the ACT, which was up 31 per cent. Only Queensland had a decline, with year-on-year vacancies down 3.three per cent. Matthew Johnson, the senior economist at broker ICAP, mentioned the rise in jobs vacancies need to provide employment development of much more than 2 per cent. "This implies that unemployment will probably fall decrease, and that absolutely everyone from the Reserve Bank down will continue to fret about wage-push inflation," he mentioned. Higher job vacancies and low unemployment is a conventional recipe for inflation, with a limit to how numerous positions can be filled. There has, so far, been no proof of wage inflation, with the average price of labour rising broadly in line with charges in the economy. The subsequent inflation figures are published on October 24. UBS chief economist Scott Haslem mentioned the growth in job vacancies would contribute to larger inflation in the final months of 2007. Learn further on [http://www.anaestheticbilling.com/ anaesthetic billing software] by navigating to our powerful article directory. To compare additional info, please consider checking out: [http://www.anaestheticprivatepractice.com.au/home anaesthetic billing software] . He predicted the Reserve Bank would raise interest prices in February 2008 to quit inflation going above the RBA's three per cent target range. However Mr Arnold said the enhance in labour provide, coming from skilled migration, would not generate wages pressures. [http://www.anaestheticprivatepractice.com.au/anaesthetist-billing/ Anaesthetic Private Practice] includes further about when to think over it.

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