Australia job vacancies climb to fresh record in Feb quarter - Reuters News

Omkar Godbole FXStreet Contributor

Job vacancies in Australia climbed to a record high of 220,900 in the three months to February - up 19.3 percent on year, data from the Australian Bureau of Statistics (ABS) showed on Thursday. This was the seventh straight quarter of solid gains.

Vacancies in the private sector rose 4.2 percent to 201,500, again the highest on record. That was up 20.7 percent on the previous year, according to Reuters report.

The spike in job vacancies is a sign the labor market will tighten further, although the Reserve Bank of Australia (RBA) would want to see higher wage growth in the near future before lifting rates.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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