19 May 2015
New Zealand's ANZ job ads remains steady in April
FXStreet (Bali) - New Zealand's ANZ job advertisements for April came in at -0.2% MoM vs -0.7% last from a revised -0.8%.
Key findings - Sharon Zollner, Senior Economist at ANZ
"Job advertising data suggests demand for labour remains steady, but Auckland is the only main centre in which job ads are still lifting."
"Total job advertising fell 0.2% in April (seasonally adjusted). The trend in the index has been quite flat of late. Taking a 3-month average to smooth through noise, total job ads are up 0.6% q/q and 3.5% y/y."
"Nationwide internet job advertising fell 0.9% (sa) in April. Newspaper job advertising lifted 5.5%, but remains below the levels prevailing at the end of last year."
"Annual growth in job ads continues to slow across the three main centres, with only Auckland seeing higher numbers of ads than a year ago (up 8.9% y/y, 3-month rolling average). By the same measure Canterbury ads are down 4.0% y/y, while Wellington job ads are down 6.8% y/y."
"We expect modest employment growth this year after a strong performance in 2014 – partly as economic growth eases, and partly because skilled workers have become very difficult to find. The unemployment rate is anticipated to ease modestly over the coming year from its current level of 5.8%."
Key findings - Sharon Zollner, Senior Economist at ANZ
"Job advertising data suggests demand for labour remains steady, but Auckland is the only main centre in which job ads are still lifting."
"Total job advertising fell 0.2% in April (seasonally adjusted). The trend in the index has been quite flat of late. Taking a 3-month average to smooth through noise, total job ads are up 0.6% q/q and 3.5% y/y."
"Nationwide internet job advertising fell 0.9% (sa) in April. Newspaper job advertising lifted 5.5%, but remains below the levels prevailing at the end of last year."
"Annual growth in job ads continues to slow across the three main centres, with only Auckland seeing higher numbers of ads than a year ago (up 8.9% y/y, 3-month rolling average). By the same measure Canterbury ads are down 4.0% y/y, while Wellington job ads are down 6.8% y/y."
"We expect modest employment growth this year after a strong performance in 2014 – partly as economic growth eases, and partly because skilled workers have become very difficult to find. The unemployment rate is anticipated to ease modestly over the coming year from its current level of 5.8%."