AT a time of high-profile job cuts, there are more tentative signs that business has the confidence to hire staff.
New figures show employment advertising jumped by more than five per cent in February, following similar strength in the federal government's job vacancies series.
The latest numbers coincide with other data on Monday showing gross operating company profits rose by 1.7 per cent in the December quarter to $68.2 billion, the largest figure in more than two years.
"Corporate Australia is well placed to spend, invest, employ ... over the next year," Commonwealth Securities chief economist Craig James says.
The profits figures will feed into Wednesday's national accounts for the December quarter.
Economists expect a relatively solid 0.7 per cent rise in gross domestic product in the final three months of 2013, although annual economic growth at 2.5 per cent will remain well below trend at just more than three per cent.
Such expectations will be taken to the Reserve Bank's board meeting on Tuesday.
Economists broadly expect the cash rate to remain at a record low of 2.5 per cent for at least another month.
A key federal parliamentary committee agrees.
The House of Representatives economics committee has tabled the findings of the RBA's twice-yearly parliamentary appearance before its members.
"The committee considers the current monetary policy settings to be appropriate," committee chair and Liberal MP Kelly O'Dwyer said.
"But the government and the RBA must ensure that sound decisions continue to be made to ensure that Australia's economy transitioned successfully to a post-mining boom era."
The committee noted the warning by RBA governor Glenn Stevens that Australia faced considerable challenges as investment in the resources sector declined and productivity gains and investment needed to occur in non-mining sectors to sustain and increase future growth.
Mr Stevens and his economic team will face the committee again in Sydney on Friday.
The committee's deputy chairman, Labor MP Ed Husic, flagged the opposition's concern about the "excessively generous and ill-considered" decision of Treasurer Joe Hockey to make an $8.8 billion grant to replenish the bank's reserve fund.
He was also concerned about the confused and contradictory decision making of the coalition government.
"We've seen a government unable to respond to job shedding occurring under its watch," Mr Husic told parliament.
Shadow treasurer Chris Bowen quizzed Prime Minister Tony Abbott on last week's worst capital expenditure figures since the 2008/09 global financial crisis, when the coalition in opposition said companies would "unleash their balance sheets" on a change of government.
Mr Abbott said the coalition was elected to fix the economy.
"We are marching to the rescue of this nation from the wreckage that we inherited from members opposite," he told parliament.
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