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

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>