Jan 08, 2025 06:13 PM IST
Job vacancies in Australia rebounded within the November quarter to interrupt 9 straight quarters of declines, information confirmed on Wednesday.
Job vacancies in Australia rebounded within the November quarter to interrupt 9 straight quarters of declines, information confirmed on Wednesday, in an additional signal of resilience within the labour market.
The Bureau of Labor Statistics projected that the U.S. economic system ought to see 4.7 million jobs added between 2022 and 2032.(Pixabay)
Figures from the Australian Bureau of Statistics (ABS) confirmed vacancies bounced 4.2% within the three months to November, partly reversing a 5.6% drop within the earlier quarter.
Job openings had been down 10.3% from the identical interval a yr earlier at 344,000, however nonetheless 51% larger than earlier than the COVID-19 pandemic hit.
Vacancies within the personal sector firmed 4.7%, whereas these within the public sector edged up 0.4%.
Vacancies rose in 14 of the 18 industries lined, with the biggest proportion features in lodging and meals companies, and humanities and recreation. These helped offset falls in development and training.
The labour market has confirmed unexpectedly resilient in latest months whilst financial development general slowed to a crawl, with unemployment falling again to an eight-month low of three.9% in November.
(Reporting by Wayne Cole; Modifying by Saad Sayeed)
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