Jobless rate expected to hold at 6%

By AAP

But the unemployment rate is forecast to stay steady at six per cent, as employment growth fails to keep up with population growth. "There is no doubt that there has been a credible lift in employment over 2014 with almost 90,000 jobs being added in the first six months of the year, marking the best start to a calendar year in six years," CommSec economist Savanth Sebastian said. "However employment growth is not enough to offset the lift in the workforce.

But there are signs employers are becoming less reluctant to hire staff, which will help improve jobs growth later in the year. "There does seem to be a shift from part-time to full-time jobs, which makes sense given that over the past year business profitability has improved, and now employers are seemingly adding more full time staff," Mr Sebastian said.

Read more here: Business Spectator

    

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