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22 May 2014
ANZ job ads in New Zealand up +2.6% in April
FXStreet (Bali) - The ANZ job advertisements in New Zealand came at +2.6% in April (seasonally adjusted), with internet advertising up 2.9% m/m, while newspaper ads were lifted 0.7% m/m (both seasonally adjusted). The print represents a fourth consecutive monthly rise.
The main conclusion drawn by Sharon Zöllner, Senior Economist at ANZ, were:
- The level of internet job advertising is 21% higher than a year ago.
Newspaper advertisements, which continue to lose market share, are down 12% by the same measure.
- Monthly newspaper advertising lifted in four regions, and fell in three, seasonally adjusted.
- Signals from lead indicators such as job ads are manifesting in
employment growth within the Household Labour Force Survey results with employment up 3.7 percent on a year ago. Recent trends in job ads bode well for continued employment growth.
- We expect the unemployment rate to drop below 6% over coming months.
Only rising labour force participation – a good thing – has prevented it doing so already. Rising employment is providing a backbone to household income growth, essential for prolonging the economic expansion.
The main conclusion drawn by Sharon Zöllner, Senior Economist at ANZ, were:
- The level of internet job advertising is 21% higher than a year ago.
Newspaper advertisements, which continue to lose market share, are down 12% by the same measure.
- Monthly newspaper advertising lifted in four regions, and fell in three, seasonally adjusted.
- Signals from lead indicators such as job ads are manifesting in
employment growth within the Household Labour Force Survey results with employment up 3.7 percent on a year ago. Recent trends in job ads bode well for continued employment growth.
- We expect the unemployment rate to drop below 6% over coming months.
Only rising labour force participation – a good thing – has prevented it doing so already. Rising employment is providing a backbone to household income growth, essential for prolonging the economic expansion.