Job Index for Ads Registers an Up for the Second Time

The latest Olivier Job Index reported job advertisements for financial services to be up for the second consecutive month by 4.32 per cent in December, in order to reinforce the rebound in the labour market.
Total employment has increased by 147,200 in the six months to December 31, 2009.
"The continuing underlying confidence of Australian consumers and employers has shown how deeply resilient our economy is", director of Olivier Group, Robert Olivier, said in a statement
The fall in the official employment rate reveals that the increase in job ads is flowing through to workers.
Australia's unemployment rate fell to an eight month low of 5.5 per cent in December, from 5.6 per cent the month before, the Australian Bureau of Statistics said on Thursday.
Mainly job advertisements in the financial planning sector propelled the increase with a 7.6 per cent boost in advertised job vacancies. The retail and mortgage banking sector registered an increase of 3 per cent, while insurance and superannuation jobs ads increased slightly by 3.1 per cent.
Mr Olivier said the pace of job hiring in 2010 could be tempered by future interest rate rises from the Reserve Bank of Australia (RBA).
Overall, the Olivier Job Index gained slightly in December, rising 0.48 per cent, with job ads on the major Australian job sites now up just over 10 per cent from their lowest point in July 2009.