News brief – October 2010
A rebound in the architecture profession is helping drive the overall labor market recovery in Australia. Commenting on the rise in the official labor force figures yesterday, Westpac chief economist Bill Evans attributed the growth to a rebound in professions in law and architecture. “They’re quick to fire, but they’re quick to rehire as well,” says Evans. Mr. Evans was forecasting the unemployment rate to bottom out at 4.8 per cent halfway through next year.