NZ Job Ads: Back to trend - ANZ

New Zealand’s ANZ job ads fell 1.2% m/m in February (seasonally adjusted), giving up some of its strong increase the previous month, while the annual growth eased to 5.8%, notes the research team at ANZ.

Key Quotes

“As the economic cycle has matured, growth in job ads has eased to a more gradual pace, in contrast to the breakneck pace set over 2016.”

“There was a marked drop in job ads in the construction, utilities, manufacturing and transport sector, which comprises about a third of job ads.”