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UNEMPLOYMENT is defined to fall further with how many job openings rising to record levels, fuelling speculation of another interest rise.

National job vacancies in the 90 days to August rose 2.9 percent, seasonally adjusted, based on the Australian Bureau of Statistics.

Work vacancies rose by 11.9 per cent in the year to August.

CommSec equities economist Martin Arnold said with job vacancies now at a record high, the unemployment rate was set to drop below 4 per cent - from its current 4.3 per cent - as bosses were encouraged by business conditions to find more staff.

"The Australian economy is producing solid growth and business problems are almost just like they get," he said.

The effectiveness of the economy light emitting diode a frustrated John Howard to state the general public was failing continually to give the government credit for economic management.

"I think there's a view in the community... perhaps an important number that, for somehow or still another, our economic power and our economic stability and development is happening naturally, that the economy is on autopilot," the Prime Minister told a forum at Ocean Grove on the Victorian coast yesterday.

He explained this was one of many reasons why the federal government was performing so poorly in the public opinion polls: "I think folks are needs to get the Australian economy for granted."

Seasonally-adjusted work openings totalled 172,700 in the 3 months to August.

Mr Arnold said there were fewer than three unemployed people for each job, the lowest level on record.

Business companies has been among the strongest growth areas, with 45,200 opportunities, 28.4 percent greater than a year before.

The amount of jobs vacant in the communications industry has more than doubled to 2800 in the same time.

There clearly was strong need for labour in the development, retail trade and transportation sectors.

Parts that seem to be less desperate for staff include hospitality, adventure and personal services.

The general public sector is continuing to increase, with how many vacant jobs 11.8 percent more than a year ago.

In the year to August, job openings in the boom state of Western Australia were up by 31.8 per cent, unadjusted, used by the ACT, that has been up 31 per cent.

Just Queensland had a drop, with year-on-year openings down 3.3 percent.

Matthew Johnson, the senior economist at agent ICAP, said the rise in jobs opportunities should deliver employment growth of more than 2 %.

"This suggests that unemployment will probably drop lower, and that everyone else from the Reserve Bank down will continue steadily to fret about wage-push inflation," he said.

Large job opportunities and low unemployment is a traditional recipe for inflation, with a limit to exactly how many positions may be filled.

There's, up to now, been no evidence of wage inflation, with the average price of work increasing largely in line with prices in the economy. The following inflation numbers are published on October 24.

UBS main economist Scott Haslem said the progress in job vacancies would donate to higher inflation in the ultimate months of 2007. He believed the Reserve Bank could increase interest rates in February 2008 to stop inflation planning above the RBA's 3 % target range.

But Mr Arnold said the escalation in labour supply, via skilled migration, would not produce wages difficulties.