Australia 'top performer' in global jobs market

Australia has come out as a top performer in the latest global employment figures from the Organisation for Economic Co-operation and Development (OECD).

It revealed that the country has an unemployment rate of just 5.2 per cent, contrasted against the UK's 7.9 per cent.

In June the OECD recorded that the country's employment level surged by 45,900, which will come as welcome news to Australian jobseekers.

The figures will be the "envy of many trading partners", said employment minister Simon Crean.

He added: "Australia's strong labour force figures stand in stark contrast to the stubbornly high employment rates still being experienced in many other advanced economies, where the aftershocks from the crisis are continuing to reverberate."

Much of the employment growth has been put down to Australia not witnessing an economic recession like many other nations.

Su-Lin Ong at RBC Capital Markets told the BBC: "Unemployment is now at its lowest level since early 2009... this underscores strength in the labour market and will definitely put pressure on the Reserve Bank of Australia to raise interest rates."

Posted by Steve Williams

BMS are one of the leading specialists in Australia sales recruitment. Search our database for sales jobs in Australia.