
CANBERRA, Australia, Sept. 6 (UPI) -- In defiance of stubborn global unemployment Australia is reporting continued growth in job creation.
Job advertisements nationwide increased 2.6 percent in August, more than 36 percent higher than this time last year. the Australian Broadcasting Corp. reported Monday.
It is the fourth consecutive quarter of job creation with an average of more than 176,000 jobs advertised each week.
Australia's unemployment rate stands at 5.3 percent , much lower than that of the United States and most of western Europe. Australia has escaped the most serious effect of the global financial crisis buoyed by strong domestic demand and exports of raw materials to China and India.
The strong demand for workers had created a continuing influx of immigrants to the country.
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