Australian job vacancies rise 2.7% in February quarter
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FILE PHOTO: A sales assistant is seen through the window of a retail store displaying a job vacancy sign in central Sydney, Australia, December 5, 2016. REUTERS/Steven Saphore/File Photo
SYDNEY, April 2 (Reuters) - Job vacancies in Australia rebounded to their highest in more than a year in the February quarter, data showed on Thursday, led by gains in the construction, retail and accommodation sectors.
Figures from the Australian Bureau of Statistics (ABS) showed vacancies rose 2.7% in the three months to February, following a revised 0.5% gain the previous quarter.
That left vacancies up 3.7% on a year earlier at 337,900, the highest reading since the November quarter of 2024.
Vacancies in the private sector rose 3.2% while those in the public sector fell 0.7%. Vacancies increased in 12 of the 18 industries covered.
The gains in vacancies suggest the labour market is in good health and no impediment to another rise in interest rates should the Reserve Bank of Australia feel it necessary to contain inflation.
(Reporting by Wayne Cole; Editing by Himani Sarkar)
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