While employees in many European countries hold little hope of seeing their salaries rise to match inflation, research has found Australians and workers in the Asia Pacific are feeling optimistic when it comes to their pay packet.
Employment optimism is dwindling as are local job prospects, as a new survey reveals a decline in the number of businesses looking to hire employees for the next quarter.
The unemployment rate has risen by 0.2 percent, but labour force participation has reached new height, with more Australians in full-time work than ever before.
Unemployment has fallen to its lowest level in 12 months, dipping below 5 percent as a result of 15,500 additional jobs being added to the local economy.
The local jobs market has seen increasing growth in part-time employment over the past five years, with a trend emerging away from full-time employment towards more flexible working hours.
It’s crucial local employers maintain perspective about the employment market, due to a continued decline in hiring intentions.
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