30 Sep 2009

Job market confidence grows

12:54 pm on 30 September 2009

Confidence in the job market has continued to build for the second quarter in a row.

The Westpac Dermont Miller Employment Confidence Index gained 6.9 points between the June and September quarters, reaching 103 points, the second biggest gain since the survey began.

A score above 100 indicates that there are more optimists than pessimists, and job security is at its highest level in almost two years.

Current conditions in the employment market remain tough, but

Westpac senior economist Donna Purdue, says further job losses are expected, which will slow wage growth, but the survey indicates hope that the situation will improve next year.