Newly registered workers drop by 10pc

December 13, 2008 01:55:43 PM

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Newly registered taxpayers declined by 10 per cent cumulative to October this year, the Reserve Bank of Fiji (RBF) has revealed.

However, the central bank’s economic review for the month ended November this year stated the job advertisement survey for the same month indicated that hiring intentions remained positive in most sectors of the economy.

The report said that the higher recruitment intentions were likely results of higher incidences of emigrating workers rather than new job creations.

The report also noted that labour market conditions were relatively weaker than last year.

Meanwhile, the RBF revealed mixed results of consumption activities indicated by the latest partial indicators.

It said that imports of consumption goods rose cumulative to September this year, driven primarily by higher prices.

And in September, new outstanding lending for consumption purposes rose, while visitor arrivals were also higher on an annual basis.