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UNEMPLOYMENT is about to fall further using the amount of job vacancies rising to record levels, fuelling speculation of another interest-rate rise. National job openings in the three months to August rose 2.9 %, seasonally adjusted, according to the Australian Bureau of Statistics. Job opportunities rose by 11.9 per cent in the year-to August. CommSec stocks economist Martin Arnold said with job openings now at a record high, the unemployment rate was set to fall below 4 per cent - from its present 4.3 per cent - as bosses were encouraged by business conditions to seek more staff. 'The Australian economy is documenting solid growth and business problems are virtually just like they get,' he explained. The potency of the economy light emitting diode a frustrated John Howard to express the public was a failure to provide the federal government credit for economic management. 'I think there is a view in the neighborhood.. perhaps a significant number that, for somehow or another, our economic strength and our economic stability and progress is occurring naturally, that the economy is on autopilot,' the Prime Minister told a public forum at Ocean Grove on the Victorian coast yesterday. He said this was one of the reasons why the federal government was performing therefore poorly in the public opinion polls: 'I think people are starting to simply take the Australian economy for granted.' Seasonally-adjusted job openings totalled 172,700 within the three months to August. Mr Arnold said there have been fewer than three unemployed people for every vacant job, the best level o-n record. Business ser-vices has been among the strongest growth areas, with 45,200 vacancies, 28.4 percent higher than a year-ago. The number of jobs vacant in the communications industry has more than doubled to 2800 in-the same period. There is strong demand for labour in the construction, retail trade and transportation industries. If you know any thing, you will possibly wish to read about [https://www.facebook.com/surfunation/posts/1472356622990761 http://surfunation.com.au]. Areas that seem to be less desperate for staff include welcome, recreation and personal ser-vices. Get further about [https://www.facebook.com/surfunation internet surfing australia] by browsing our forceful URL. The public sector is continuing to expand, using the quantity of vacant jobs 11.8 % higher than a year ago. For alternative ways to look at the situation, please check out: [https://www.facebook.com/surfunation/posts/1469835939909496 surf report sydney]. In the year-to August, job vacancies in the increase state of Western Australia were up by 31.8 per cent, unadjusted, used by the ACT, which was up 31 per cent. Only Queensland had a drop, with year-on-year vacancies down 3.3 per cent. Matthew Johnson, the senior economist at dealer ICAP, said the rise in jobs vacancies should offer employment growth greater than 2 %. 'This suggests that unemployment will probably fall lower, and that everybody in the Reserve Bank down will continue to worry about wage-push inflation,' he explained. Low un-employment and high job vacancies is a normal recipe for inflation, using a limit to just how many jobs can be filled. There has, so far, been no evidence of wage inflation, with the average cost of work rising largely in line with costs in the economy. The next inflation figures are published on October 24. UBS primary economist Scott Haslem said the progress in job vacancies would give rise to higher inflation in-the final months of 2007. H-e believed the Reserve Bank could raise interest rates in February 2008 to prevent inflation going above the RBA's 3 per cent target range. Browse here at [https://twitter.com/Surfunation a guide to surf report sydney] to check up the reason for it. But Mr Arnold said the increase in labour supply, via competent migration, would not generate wages difficulties.

Openings increase to history