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New Zealand – Job ads up 6.7% in December

10 January 2019

Job advertisements in New Zealand increased by 6.0% in December 2018 when compared to the same period in 2017 according to data from ANZ Bank. In the three months ended December, jobs ads increased by 6.7% compared to the same period in 2017.

ANZ Bank stated that the 6.7% December 2018 quarter growth was consistent with pretty steady labour demand overall. But with employment already very elevated and economic momentum moderating, jobs ads growth is likely to remain well shy of the near 20% growth seen two years ago.

When compared to the previous three months, job ads growth in the December quarter stood at 0.2%. Monthly growth in December 2018 fell 3.5% when compared to November 2018.

“Job ads softness in the December quarter reflects moderation in job ads across a range of industries, with notable weakness in the construction, utilities, manufacturing and transport group (down 0.6%),” ANZ Bank stated.

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