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Business expecting to hire, invest Fleur Leyden | Herald Sun | Tuesday 09 February, 2010 | 07:39am
BUSINESSES expect to bump up staff numbers and buy new equipment in the coming months with the latest sentiment survey boding well for the recovery and this week's jobs numbers.
Employment expectations for the June quarter are back in positive territory while capital investment expectations have risen to their highest level in seven years, according to Dun & Bradstreet.
The findings from the credit agency's Business Expectations survey came as Prime Minister Kevin Rudd told Parliament that Australia's unemployment rate had probably peaked at 5.75 per cent, well below the Government's 6.75 per cent forecast.
The latest on Australia's labour market will be revealed on Thursday when official jobs figures for January are released by the Australian Bureau of Statistics.
The unemployment rate was 5.5 per cent in December.
