RBF notes rise in job recruitment intentions

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Guests and graduates pose for a group photo after the APTC graduation at the Fiji National University auditorium, Nasinu campus in Valelevu, Nasinu on Wednesday, May 17, 2023. Picture: JONACANI LALAKOBAU

The Reserve Bank of Fiji says the number of job vacancies rose by 23.6 per cent in the first four months of 2023.

It said recruitment intentions picked up in most sectors.

RBF governor and Macroeconomic Committee chairperson Ariff Ali said the strong demand for labour was also underpinned by businesses filling up vacant positions from workers leaving Fiji through migration.

“The positive effects from improved labour market conditions, higher remittances and upswing in credit are reflected in the significant pickup in consumption activity,” Mr Ali said in a statement.

He said partial indicators for consumption, such as net VAT collections, new lending for consumption purposes and electricity consumption had recorded annual gains so far in the year.

Similarly, he added investment activity had exhibited signs of a stable but slower recovery as new lending for investment purposes rose.

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