High Employer Confidence Backs Economy for 3rd Straight Quarter

EmployerAustralia witnesses a high employer confidence for the third consecutive quarter, touching its highest level since September 2008, revealed a report by Hudson.

The Hudson Report also claimed that the Employment Expectations survey suggests confidence rose by 10.6 per cent on last quarter, with 29.1% of employers indicating an intention to increase their permanent staff levels during the first quarter of 2010.

Hudson Australia/New Zealand chief executive officer Mark Steyn said, "Its well above the record low in the June 2009 quarter, when sentiment was virtually zero. Australian hiring intentions are now drawing much closer to pre-downturn levels”.

The reason cited for the rebound in WA is the resurgent demand from China and as recovery in commodities prices witnesses a range of projects being fast-tracked. In addition, the improving mining and resource sector along with the Government stimulus have propelled growth of infrastructure projects.

The biggest rise amongst the states came from Western Australia, reporting a jump of 23% points, where 43.1% of employees now plan to increase staff levels. While, Queensland registered a firm result, raising 16.2 percentage points to 35.3 per cent.

"This rise in employers actively hiring again, shown in these figures, is an extremely positive trend and one that is clearly gaining strong traction", Mr. Steyn said.