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


NZ Labour Market Eases As Financial Crisis Deepens

Media Release

13 October 2008

NZ Labour Market Eases As Financial Crisis Deepens

The New Zealand labour market is definitely easing according to the latest figures from Trade Me Jobs.

``We’re seeing the highest number of applications per job that we’ve ever experienced, with current applications rates 80% up on what they were 12 months ago,’’ said Trade Me Jobs head, Jimmy McGee.

``This is great news for employers, but it means it’s getting tougher for job seekers.’’

However it’s a tale of two collars, with premium white collar demand still strong despite the cooling of blue collar.

``The top end of the market is still tight with $100,000+ roles having grown 20% over the last month.’’

``Four weeks ago our six-figure jobs site had 1,000 listings. Today we’ve got 1300 and it’s still going north, showing an active war for the top talent.’’

While blue collar has cooled considerably, some segments are proving resilient, especially those involved in dairy and energy. Advertised vacancies in Southland and Taranaki have doubled over the past 12 months.

``Unemployment is currently 3.9% and is forecast to hit 5% by the end of next year; that’s still well below the 20 year average of 6.2%. The market has worsened over recent times but from a historical perspective, it’s not that bad.’’


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>