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Financial News: New Zealand Job Ads Recover In August

New Zealand Job Ads Recover In August

09/06/2017 - 01:56:00 (RTTNews)

(RTTNews) - New Zealand's job ads recovered in August, data published by ANZ New Zealand showed Wednesday.

Job ads increased 1 percent month-on-month to a new record high in August, the bank said. The monthly increase reversed a 0.9 percent fall in July.

Annual job ads growth has eased to 11 percent in August from a peak of 20 percent in January.

The service sector was a big driver of total job ads growth, with the construction sector running out of steam, and the retail sector an outright headwind, the bank said.

The bank continues to expect a moderate pick-up in wage growth.

Data showed that job ads in Auckland have fallen for four months straight. Auckland reached almost the bottom of the national table in annual growth terms, the bank noted.

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