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Jobs up by 11.5 per cent: RBF

 

Oct 03, 2013 04:44:46 PM

Jobs up by 11.5 per cent: RBF The number of jobs available to those in Fiji's labour market in the first eight months of this year has increased by 11.5 per cent.

According to the Reserve Bank of Fiji’s latest Job Advertisement Survey, the increase was mostly led by the wholesale & retail trade, tourism, community, social & personal services and the construction sectors.

The labour market has been improving in line with the improved investor confidence and RBF says the recent industry visit by its Board to the West and various in-house meetings are generally in line with partial indicator outcomes.

Consumer confidence was also boosted by the growth in labour market and continued inward remittances which registered a year-on-year growth of 4.9 percent cumulative to July.

Meanwhile, new lending for consumption purposes more than doubled in the first eight months of this year to $336.2 million, while the number of new vehicles sold rose by 46.0 percent.

Performances in most industries, except for gold, show positive outcomes.

Improved cane supply and milling efficiency, the volume of sugar produced totalled 126,112 tonnes, nearly 17.0 percent higher than the same period last year.

Gold production, cumulative to August, fell by 23.3 percent compared to the similar 2012 period, mainly due to low grade ore extraction. However, a  significant turnaround of 34.4 percent in the month to August was registered.

By Reginald Chandar

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