23 Jun 2010

Employment confidence rises - survey

12:59 pm on 23 June 2010

Employment confidence has risen to its highest level in almost two years.

The latest Westpac McDermott Miller employment confidence index for the three months to June has risen four and a half points to 108.2.

An figure above 100 indicates there are more optimists than pessimists.

There had been a small decline the previous quarter.

The only part of the survey to record a decline was people's earnings expectations.

Fewer people expect to be earning more in a year's time, which Westpac senior economist Donna Purdue says could be due to the tax changes announced in the Budget.