Australia set for best yearly jobs gain since 2010

Sydney

AUSTRALIA is set for its best year of jobs growth since 2010 as weak wages and improving sentiment encourage businesses to hire, easing pressure on the central bank to add further stimulus to the economy.

Employers added 231,700 jobs in the first 10 months of the year, setting the labour force on track for its biggest annual gain since 2010, government data showed on Thursday. Still, some economists expressed doubts about the accuracy of the October report, and the statistics bureau has in the past acknowledged problems with compiling jobs data.