RBF: Labour market conditions remain favourable
2 May, 2019, 5:23 am
THE latest review by the central bank highlights that despite the moderation in economic activity, labour market conditions remain favourable.
In its economic review for the April month-end, the Reserve Bank of Fiji stated that according to the Job Advertisement Survey, the number of jobs advertised increased by 8.6 per cent on account of higher recruitment intentions for the community, social and personal services; finance, insurance, real estate and business service and the agriculture, fishery and forestry sectors.
The RBF also stated that on the domestic front, latest sectoral performance suggests some moderation in economic activity.
It was highlighted that cumulative to March this year, visitor arrivals grew by a marginal 0.2 per cent to 171,861, driven by higher tourist arrivals from Japan, US and New Zealand (NZ) which offset the declines from Australia, China and Continental Europe.
In the same period, production of electricity, woodchip and sawn timber rose while declines were noted in gold and pine output.