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Fiji Time: 10:11 AM on Monday 22 September

/ Front page / Business

Job chances up

Ropate Valemei
Monday, December 10, 2012

THE number of advertised jobs cumulative to September increased by 22.1 per cent compared to the same period last year.

This, according to the Reserve Bank of Fiji economic review for November, indicated employment prospects continued to improve over the year as indicated by its job advertisement survey.

The review revealed labour market conditions were expected to improve further in the coming months in line with increasing investment and business activity.

"Financial conditions are currently characterised by declining lending rates, increased credit and buoyant liquidity levels," it said.

It said domestic credit grew by an annual 5.2 per cent in the review period. Moreover, activities in the housing market are slowly gaining momentum and are anticipated to improve further in the coming months on the back of improved domestic macroeconomic conditions and attractive borrowing rates for housing purposes available in the market. The review said the economy was projected to grow by 2.5 per cent this year compared to the earlier anticipated growth of 2.7 per cent.