Hiring intentions look bright for 2014
The group revealed the results of its latest employment index, which shows 10 per cent of companies are looking to expand their workforce's during the first quarter of 2014.
This compares to just 4 per cent during the final quarter of 2013, showing there is plenty of reason for businesses to be optimistic at the start of the coming calendar year.
In fact, the results are so positive that the Dun & Bradstreet employment index is now at its highest level since the June quarter of 2012, as well as being above zero for the first time in six months.
The survey also showed that 70 per cent of companies are more optimistic about growth in the new year than they were at the start of 2013.
Dun & Bradstreet's director of corporate affairs Danielle Woods said: "These findings on employment intentions are a particular bright note among generally improving business sentiment.
"This turnaround, especially given the recent lift in the official jobless rate, provides hope that forecasts for unemployment beyond the six per cent mark may be over-estimations, and that
Australian businesses are in reasonable shape."
The survey also offered other insights into the mind set of Australian business owners - capital investment expectations have emerged from negative territory, increasing from -0.4 points in the fourth quarter of 2013 to 4.8 points.
In addition, 16 per cent of companies questioned in November said they plan to access new credit or finance to grow their operations during the first three months of next year.
This was the highest response to the question registered in 2013, further illustrating renewed confidence.