Job ads data suggest quick economic rebound

"The increase in the ANZ job ads series over September indicates that the slough which afflicted the economy in the June quarter will be short-lived," Finance Minister Michael Cullen said today.

"The rise in the large Auckland market is particularly encouraging, coming as it does after eight months of decline.

"But the real strength is in provincial and export New Zealand. Job ads in Christchurch are up 35.1 percent on the same month last year; Otago is 23.3 percent up; Hawkes Bay, 19 percent; the Waikato, 11.3 percent, and the Manawatu, 10.4 percent.

"The improving jobs data is consistent with the retail trade figures for August which also showed growth," Finance Minister Michael Cullen said.

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