Advertisements for jobs rose for the fourth consecutive month in Australia in June. This shows the increase in demand for workforce in the Land Down Under.
It was revealed by ANZ (Australia and New Zealand Banking Group) that the total number of job ads in Australia increased by 2.7 percent in June. In addition, surges in jobs have reduced the unemployment rate to 5.5 percent, a four-year low.
International Business Times cites Reuters as quoting David Plank, ANZ’s head of Australian economics, who said that the continued job points’ rise led this movement to be maintained. Plank said that the strength of employment would be crucial for stabilising and improving consumer sentiment. He said that it would be necessary to preempt the downside risks to the economy from taking place.
While this was being revealed, the federal government of Australia canceled some changes made to the temporary skilled migration regime. It saw many tech-related jobs being revived in the list of occupations eligible for skilled visas following its consultation with the industry.
Peter Dutton, Australian Minister for Immigration and Border Protection, was quoted by ZD Net as saying that modifications to the occupations list were just one element of the reforms of the government to strengthen the honour of the employer sponsored skilled migration programmes of Australia and improving the skilled migrants’ productivity.