Jobs in Australia, particularly in the banking and finance sectors, are on the rebound.
19 March 2010
Banking jobs in Australia on the rebound
Australia saw banking and finance employment bounce back in the three months to February, two year after the start of the global financial crisis.
The Australian Bureau of Statistics data released yesterday shows of the 29,000 professional services positions created in those three months, 23,000 jobs were created in the finance sector.
The job growth signals the total recovery from the jobs lost during 2008-09; the finance and insurance sectors have now added 28,000 jobs over the past six months, after shedding 17,000 jobs in the 12 months to August 2009.'
Economists have said the Australian economy was being underpinned by the strong jobs market, and a low unemployment rate of only 5.2 per cent.
Jobs growth in the health sector has also continued with health services positions now accounting for 10.9 per cent of all jobs.