The mid-year economic slowdown appears to be weighing on the job market with job advertisements falling for a second month.<\/p>\n
Data from employment website Seek NZ showed job ads fell 3% in June from a month earlier, and 3% lower than a year ago.<\/p>\n
Applications per job ad \u2014 recorded with a one-month lag \u2014 were down 2% monthly.<\/p>\n
It comes as various economic datasets point to the country’s economic recovery stalling in the middle of the year.<\/p>\n
Seek country manager Rob Clark said job ad levels remained broadly flat for the past year.<\/p>\n
“While the volume remains below pre-Covid levels, there are pockets of growth, which should be cause for some optimism,” he said.<\/p>\n
The morning’s headlines in 90 seconds, including wintry blast on the way, Gloriavale leader in court, and Liam Lawson picks up points. (Source: Breakfast)<\/p>\n
Job ad volumes were mixed across the regions, with Gisborne, Marlborough and Southland the only region to see month-on-month growth in June.<\/p>\n
In Auckland and Canterbury, volumes fell 2% in June, while Wellington fell 4%. Otago was flat, while Waikato fell 4%.<\/p>\n
The only industry to see an increase in volumes was Information and communication technology, with more demand for ICT managers and networks and systems administrators.<\/p>\n
“Despite a monthly dip in June, demand within government and defence has jumped 51% year-on-year, and we’re seeing a growing number of industries return to annual growth within the professional and consumer services sectors,” Clark said.<\/p>\n