Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Deutsche Bank - ANZ Job Ads

Key Points

In an expanded survey, the trend in `All NZ' jobs ads declined 0.1% mom in June, driven entirely by a 1.3% mom decline in Auckland. We estimate that the number of job ads fell by around 2% mom in seasonally adjusted terms. Despite the decline over the month, the level of job ads remained over 7% higher than a year earlier.

Growth is much weaker in those regions with relatively greater exposure to the flat domestic sector than in those regions with greater exposure to the booming external sector. The number of job ads in Auckland during June was just 1.9% higher than a year earlier. This stands in contrast to 30.1% growth in Christchurch, 26.2% growth in the Hawkes Bay, and 10.8% growth in the Waikato.

Comment Although the number of job ads has fallen, the magnitude of the decline, at least to date, is nowhere near that suggested by survey measures of employment intentions. This is consistent with our view that the level of overall activity in the economy will remain robust despite an unprecedented fall in business confidence.

ANZ Job Ads - Growth (All NZ)
::::::::::::::: Trend:::::S.A. Unadjusted
::::::::::::::: mom%:::::Mom%::::: 3 mth%*
Month of:::::::::::::::::::::::::::::::
Jan-00:::::::::: -0.3:::::-5.6::::: +19.6
Feb-00:::::::::: -0.1::::: 4.9::::: +17.2
Mar-00:::::::::: 0.0::::: 0.3::::: +15.7
Apr-00:::::::::: 0.0::::: -6.4::::: +14.3
May-00:::::::::: 0.0::::: 6.0::::: +11.5
June-00:::::::::: -0.1:::::-1.9::::: +8.0
* Compares same period of previous year
Source: DB Global Market,s Research, ANZ Bank

Darren Gibbs, Senior Economist, New Zealand,

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news