Australia job vacancies surge as firms struggle to find staff

The Straits Times LogoThe Straits Times1 mo ago

Australia job vacancies surge as firms struggle to find staff

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June 30, 2022 10:57 AMSYDNEY (REUTERS) - Job vacancies in Australia surged to all-time highs in the May quarter as firms struggled to find staff amid a tightening labour market, another sign interest rates are likely to rise further next week.

"There was almost the same number of unemployed people and vacant jobs in May, compared with three times as many people before the start of the pandemic," he added.

The number of vacancies was highest in health and social assistance, followed by accommodation and food, scientific and professional and the retail sector.

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Article Details

Category: Economy

Topics: Sector Quarter Hiring Beaten Recent Forecasts Cent Labour Vacancies Months First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 10:57:00

News Timezone: GMT +8:00

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Language: English

Reading Time: 3 minutes read

Article Length: 401 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 21605

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About The Straits Times

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Main Topics: Economy

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 3h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #25

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