Good Employment Rates Encourage Australian Immigration

PR Log (Press Release) – Mar 07, 2008 – Employment rates in Australia rose for the 14th month in a row in December. This shows good economic growth in the country and may encourage people to think that Australian immigration is a good way to find employment as well as new surroundings. According to the Australian Bureau of Statistics, the unemployment rate fell to 4.3 per cent from 4.5 per cent in November.

Craig James, chief equities economist at CommSec, said: "The Australian job market is in spanking good health. Not only is the country experiencing the longest period of job gains in 27 years, but unemployment is again edging closer to a landmark three-point-something result." The number of people employed in Australia rose by 20,100 to 10.6 million last month which will no doubt make Australian immigration an even more attractive prospect.

Meanwhile, the strength of the Australian dollar has also increased. It climbed to 87.87 cents in Sydney last week and may reach 88.50 cents this week, according to John Rothfield, a senior currency strategist at Bank of America.