New job ads jump by 45% on Seek website

Tuesday 10th August 2010

Signs that the labour market is shrugging off the lows of the recession are starting to emerge, with employment website Seek.co.nz reporting that jump in advertising.

The company reported a 45% rise in new job ads to June when compared to the same period last year.

"This is a credible indication that a positive trend may be waiting in the wings," said Annemarie Duff, general manager for Seek New Zealand.

The postive outlook is echoed by the Seek Employment Index, calculated as a ratio of new job ads to the number of applications for those jobs, which rose 5.2% in July 2010. This is the highest increase since January, which Duff said is being driven by strong growth in labour demand.

Duff noted that the growth trend look set to continue into the September quarter, with strong new ad growth in July so far.

Despite the optimism from the company, the growth in job ads contrasts strongly with the unexpected jump to 6.8% in the unemployment rate in the June quarter from 6% in the March period.

Businesswire.co.nz

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