(CFD.net.au – Contract for Difference, Share, Forex, ETFs, Commodities Traders) – The number of jobs advertised on the internet has risen for the second month in a row, intensifying the expectation of an interest rate rise.The Olivier job Index rose 3.58 per cent in September following a 2.43 per cent increase in August.
The publisher of the index, recruitment firm owner Bob Olivier, says it is a great sign for the job market.
But he says the downside could be that Reserve Bank could take it as a signal to increase interest rates when it meets tomorrow.
“One of the conclusions one must reach from these encouraging job numbers is that there’s going to be increased pressure for the RBA to increase rates,” he said.
“Unemployment is one of their concerns and it looks like that’s not going to be as bad as once feared.”
Source: Internet job ads continue to rise
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