Hiring jumped in Q1

Business, Normal

The National, Thursday July 4th, 2013

 EMPLOYMENT increased significantly in the first quarter of this year compared with the same period last year, the Bank of PNG’s employment index shows.

It reported that by sector employment increased in the mineral, building and construction, manufacturing, retail, financial-business and other services and wholesale sectors. 

It declined in the agriculture-forestry-fisheries and transportation sectors. 

The bank reported in the Quarterly Economic Bulletin that employment increased in all regions excepting the New Guinea Islands.

Inflation, as measured by the consumer price index (CPI), was 1.6% in the March quarter of this year, the bank said.