Rate policy: A worker at a construction site in Sydney. The RBA is using record-low interest rates to try to tighten the labour market sufficiently. — Bloomberg
SYDNEY: A closely-watched gauge of Australian job vacancies jumped in response to an easing of coronavirus restrictions across the nation’s east coast, signalling a strong rebound in the labour market is in the offing.
Australia & New Zealand Banking Group’s (ANZ) monthly help-wanted ads surged 7.4% in November to be a record 44.2% above their pre-pandemic level.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
