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Source: ONE News -
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New jobs ads are up 45% since this time last year, easing New Zealand further away from the low points of recession, according to new data released today from online jobs site Seek.
While the latest unemployment figures have shown a higher than expected rise in unemployment to 6.8% , results from Seek's New Job Ad Index point to the possibility of a more promising quarter ahead.
As Annemarie Duff, General Manager of Seek points out, the June quarter unemployment rate is a retrospective look at April, May and June and doesn't take into account strong ad volumes for July.
"The number of new job ads on seek.co.nz increased by 6.3% in July alone. As New Zealand's largest job source, this is a credible indication that a positive trend may be waiting in the wings. True, we have experienced a more sluggish May and June, but the latest July results paint a much brighter picture," said Duff.
Seek's index - which is the ratio of new job ads placed during the month to the number of applications for those jobs - shows a rise of 5.2% in July 2010.
"Growth of 5.2% in July is the highest increase we have seen since January and contributes to a considerable 30% improvement since July last year. Most importantly, this has been driven by strong growth in labour demand - more jobs being listed in proportion to the numbers of applications per job is the outcome that most jobseekers desire," said Duff.
Regional North Island has seen the most significant increase with overall growth of 8.5% in July, closely followed by 7.2% rise for Auckland.
"The Seek indicators for July 2010 are the first indicators for the September quarter and by all accounts suggest that more growth and a positive labour market may lay ahead for the second half for 2010," said Duff.
