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

 


Deutsche Bank - ANZ Job Ads: August

Economic Note (New Zealand) NZ
Deutsche Bank
ANZ Job Ads: August

Key Points

The trend number of job ads rose sharply by 2.1% mom in August and were 30.0% higher than August 1998 - this was the twelfth consecutive monthly increase in the series.

On a regional basis, the strongest growth was experienced in the Auckland region, where the trend number of job ads increased 2.6% mom.

However, a significant component of the strength of job ads in August is likely to reflect the positive impact on labour demand from the September scheduled APEC meeting.

ANZ Job Ads------Trend---- Trend---- Trend

---------------- Number---- Mom.------Ann.

----------------------------%------ %

Month of:------------------

Mar-99----------21,451---- 1.5------ 7.1

Apr-99----------21,774---- 1.5------11.5

May-99----------22,211---- 2.0------16.7

Jun-99----------22,702---- 2.2------22.2

Jul-99----------23,205---- 2.2------26.9

Aug-99----------23,692---- 2.1------30.0

Comment

While the recent strength of job ads growth is likely to be overstated by the positive impact of the upcoming September APEC conference, the underlying level of job ads remains consistent with a further rise in employment over 1999. We expect the unemployment rate to edge down from the present 7.0% level to around 6.8% by the end of this year. Moreover, these data provide support to our expectation that the NZ economy is likely to continue to build momentum over the second half of 1999, with domestic demand forecast to maintain a strong growth contribution. At this point, there are a limited number of data providing a gauge on the strength of September quarter activity. Nevertheless, recent data have indicated that retail sales are consolidating and housing activity remains robust. While the trade balance has continued to deteriorate, the sharp rise in export expectations suggests some improvement in the months ahead.

----------September ANZ Job Ads Release: Friday 8 September.

This, along with an extensive range of other publications, is available on our web site http://research.gm.db.com

In order to read our research you will require the Adobe Acrobat Reader which can be obtained from their website http://www.adobe.com for free.

For answers to your EMU questions, check Deutsche Bank's EMU web site http://www.db.com/emu or email our helpline business.emu@db.com.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news