The BNZ/SEEK October employment report for New Zealand has seen September’s job advertising level fall by a seasonally adjusted 0.6 per cent. The decrease effectively retraced half of the 1.2 per cent increase reported for September and while significant it has not altered the trend of job ads with this expanding 0.3 per cent in October. On that basis, says SEEK, there has been a 0.8 per cent increase in the three months to October, when compared to the three months to July.
While the regional details remain varied, Canterbury still stands out to the downside and after this region has been tailing off for the best part of a year now, the level of its job ads is relatively weak. For most of the rest of country it’s mainly a matter of trying to hold up at a reasonable level, after a strong multi-year strong phase, then a rough patch through the heart of this year.
Advertising for Engineering positions appears to have worsened, while for Sales it continues to peter. In contrast, the public sector laden areas of Government & Defence, and Healthcare & Medical showed no sign of letting up in their surge. Meanwhile, there was renewed spark (in seasonally adjusted terms), in Hospitality & Tourism, and Science & Technology, after wobbly periods for both earlier this year.
As for what’s been going on with employment levels the NZ Household Labour Force Survey was moderately encouraging. BNZ/SEEK report that while its jobs measure slowed, it still expanded 0.2 per cent in the September quarter (for an annual increase of 0.9 per cent). Full-time employment dominated, with a quarterly rise of 0.6 per cent (2.5 per cent y/y), while part-time numbers decreased 2.0 per cent (-5.2 per cent y/y).