Savings account holders in Australia given positive jobs news
Expats in Australia may find they are relying less on their international savings accounts as the number of job vacancies in the country jumped in February, according to ANZ.
The bank revealed that there was a 19.1 per cent increase in the number of jobs advertised in newspapers and on the internet last month. This follows a dip of 8.1 per cent in January.
Compared to the same month in 2009, employment vacancies were just 2.3 per cent lower in February. While this is significantly lower than their peak in April 2008, it is an increase of almost 28 per cent on their low in July 2009.
ANZ’s figures are the latest in a series of indications which show that the Australia is helping lead the way in the global economic recovery.
Last week, the Reserve Bank of Australia took the decision to raise the country’s interest rate by 25 basis points to four per cent in light of improved economic conditions.
Warren Hogan, ANZ chief economist, said: "In the near term, the forward indicators appear positive for more employment growth through the first half of 2010, although probably at a slower pace than seen over the past four months."