Australia has seen a considerable dip in the unemployment rate, keeping the job growth robust in this country. In one month alone, 19,800 new Australian jobs were created. According to the ABS, using trend terms, which adjusts for volatility in the survey, unemployment is now at the lowest rate in four years. Bruce Hackman, an ABS chief economist, said, “The trend unemployment rate had been hovering in the range of 5.6 to 5.8 percent for almost two years, but has now dropped to a four year low of 5.5 percent.” With the job market growing, now is the time to consider looking to Australia for a job opportunity. The Australia Immigration Professionals company stands ready to assist you with the immigration process.
Full-time employment in Australia has increased by 271,000 since 2016. This total makes up most of the 335,000 net increase in Australian jobs over the time frame. It has been one year since the number of job openings last shrank. The economy is enjoying its healthiest year-to-date growth since 2005. The ongoing decrease in the unemployment rate is showing more workers are looking for more hours. This is a welcome development, according to ANZ’s Felicity Emmett. “The gradual reduction of space capacity is likely to eventually put pressure on wage growth,” she said. Australia Immigration Professionals have set various steps in place to help simplify the immigration process to Australia. Their help makes the process easier for you and your family. It is an excellent time to start the process so you can begin working in Australia as soon as possible. Contact them today!