Tuesday 10th August 2010 |
Text too small? |
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
No comments yet
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills