Job openings in Australia have exceeded its past recorded figures from September to October in 2017 with six successive quarters of strong gains, reflecting for a progressive growth in the labor market.
The job vacancies’ increase by 2.7 percent to 210,300 which was seasonally adjusted in the September to November period compared to the previous quarter of 204,800, based on the figures released by the Australian Bureau of Statistics on Wednesday.
The latest report has been the highest reading since 1979 which opens vacancies to a good condition up to 16 percent than the previous year.
Vacancies in the private sector rose by 3.8 percent to 192,000 beating the former highest record of 17.3 percent last year.
On the other hand, job vacancies in the public sector declined by 7.6 percent in the last quarter to 18,300.
These figures are seen to be a strong indication of a high demand for workforce and growth of the employment, according to analysts.
Large figures are seen on the employment report implying a surge of hiring in 2017 and shifted the jobless rate lower to 5.4 percent.
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