AUSTRALIA: Employers less keen to hire
8 November 2012
Official figures released on Thursday showed the unemployment rate remained at 5.4% in October, with 10,700 extra people finding employment in the month.
Thurs, 8 Nov 2012
Official figures released on Thursday showed the unemployment rate remained at 5.4% in October, with 10,700 extra people finding employment in the month.
.Commenting on the figures, Commsec economist Savanth Sebastian told Australian news provider AAP : ”Employers aren't keen to hire unless they have to, given the global uncertainty.”
"But while jobs are being lost in some industries, clearly they are being created in other industries."
ANZ economist Justin Fabo warns the number of jobs created in October was not enough to keep up with population growth.
“About 17,000 new jobs are needed each month to keep up with the rising population, which means the unemployment rate will rise in the coming months if the labour market does not improve.
"Population growth is strengthening in Australia, so stronger employment outcomes are necessary to stop upward pressure on the unemployment rate," he told AAP.
Official figures released on Thursday showed the unemployment rate remained at 5.4% in October, with 10,700 extra people finding employment in the month.
.Commenting on the figures, Commsec economist Savanth Sebastian told Australian news provider AAP : ”Employers aren't keen to hire unless they have to, given the global uncertainty.”
"But while jobs are being lost in some industries, clearly they are being created in other industries."
ANZ economist Justin Fabo warns the number of jobs created in October was not enough to keep up with population growth.
“About 17,000 new jobs are needed each month to keep up with the rising population, which means the unemployment rate will rise in the coming months if the labour market does not improve.
"Population growth is strengthening in Australia, so stronger employment outcomes are necessary to stop upward pressure on the unemployment rate," he told AAP.
