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UNEMPLOYMENT is placed to drop more with the amount of job openings climbing to record amounts, fuelling speculation of another interest rise. 

National job opportunities in the 90 days to August rose 2.9 per cent, seasonally modified, in line with the Australian Bureau of Statistics. 

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

CommSec stocks economist Martin Arnold said with job openings now at a record high, the unemployment rate was set to drop below 4 per cent - from its current 4.3 per cent - as business conditions inspired businesses to get more staff. 

"The Australian economy is recording strong growth and business conditions are essentially as effective as they get," he said. 

The effectiveness of the economy led a frustrated John Howard to say the public was failing to supply the government credit for economic management. 

"I think there's a view locally... Probably a significant number that, for somehow or yet another, our economic strength and our economic stability and development is occurring naturally, that the economy is on autopilot," the Prime Minister told a forum at Ocean Grove on the coast yesterday. 

He explained this was one of many explanations why the federal government was faring so badly in the public view polls: "I think folks are beginning to get the Australian economy for granted." 

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

Mr Arnold said there were less than three unemployed people for each vacant work, the lowest level on record. 

Company companies has been one of many strongest growth areas, with 45,200 openings, 28.4 per cent higher than a year ago. 

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

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

Areas that be seemingly less desperate for staff include hospitality, adventure and personal services. 

People sector is continuing to develop, with how many vacant jobs 11.8 % greater than this past year. 

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

Only Queensland had a drop, with year-on-year vacancies down 3.3 per cent. 

Matthew Johnson, the senior economist at dealer ICAP, said the rise in jobs opportunities must deliver employment growth in excess of 2 per cent. 

"This suggests that unemployment will probably fall lower, and that everybody else from the Reserve Bank down will continue to fret about wage-push inflation," he explained. 

Low unemployment and high job vacancies is just a conventional recipe for inflation, with a limit to how many jobs can be filled. 

There's, to date, been number proof of wage inflation, with the average cost of labour increasing broadly in line with costs in the economy. The next inflation numbers are published on October 24. 

UBS chief economist Scott Haslem said the growth in job opportunities would donate to higher inflation in the final months of 2007. He expected the Reserve Bank would increase rates of interest in February 2008 to stop inflation going above the RBA's 3 per cent target range. 

Nevertheless Mr Arnold said the escalation in labour supply, originating from migration, would not make salaries demands.