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

 

ANZ Job Ads Survey (July 2001)

Key Points

- The number of newspaper job advertisements increased by 2.2% in July, sending the level of job ads to yet a new record high. The number of ads placed in July was 7.8% higher than a year earlier.

Commentary

- Continued strength in job ads suggests that the stronger than expected momentum in the labour market during Q2 looks likely to have continued into Q3. With population growth still weak and labour force participation rates moving close to cyclical highs, even moderate rates of employment growth compared to that recorded in Q2 would likely push the unemployment rate lower. We expect the unemployment rate to decline to 5% in Q3 and a further decline to below 5% by year-end seems entirely plausible.

- A turnaround in migration trends, if sustained, will likely alleviate skill shortages in specific sectors, and would be positive for the economy over the long term. However, in our view, the short to medium term impact of a return to positive net migration inflows - especially strong inflows - would be to exacerbate skill shortages and inflation pressures at a more general level. As the experience of the mid-1990s demonstrated, migrants tend initially to contribute more to aggregate demand than to aggregate supply, reflecting the initial set up costs that they incur (notably, the need to find and furnish accommodation).


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: