After hiatus of five months, the federal government's employment index has risen from 0.026 points to 0.317 points for the month of October.

The news got publicized when the Department of Education, Employment and Workplace Relations confirmed the news of increase for October. But whether this cycle would remain in that mode or not is a big question for the department to answer as they find the growth to be quite less than the low they have witnessed. One thing is sure than after couple of weeks, the growth cycle would move towards the prosperity but before that the indicator could dwindle between loss and profit.

Decline in unemployment rate and increase in number of jobs indicates that there would be almost rise of 10,000 jobs in next couple of months.

Meanwhile, number of home-loans was found to be increased as the Australian central bank did not change its interest rate and there was other factor as well for the increase in the home-loan approvals as customers confidence has returned after two long years as before that the bank was going through hard time.

The increase in the home loans applications was found to be revealed from the statistics bureau, which said that since July the loans permission has risen from 1.2% to 1.9%. Those who helped in increasing the number of home loan applications were those who were first time buying the house, and they formed 15.4% of the total increased percentage.