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The number of jobs advertised across New Zealand in May 2014 increased by +17.3% compared with the same month last year, according to the Employment Index from job board SEEK, reports scoop.co.nz.
Compared with April 2014, the number of new jobs adverts rose by +2.9%.
According to SEEK, more than 26,000 jobs were posted on the site in the month of May. Job growth is being spearheaded by activity in Auckland, which experienced a +3.7% increase in new job adverts in May, along with Canterbury, where new job adverts rose by +3.8%.
Janet Faulding, General Manager of SEEK New Zealand, commented: “Auckland and Canterbury continue to lead the way with significant job ad growth last month, however it is encouraging to see that economic optimism is now filtering through to all markets. Wellington demonstrated job ad growth for the first time in 2014, with a 1.7 per cent increase in new job ads.”
“The New Zealand economy is in a period of rapid growth and latest bank reports are pointing to over 50% of businesses feeling optimistic about their prospects, which reflecting on historical data, is very high.”
“If we look at the SEEK data, this confidence is transferring to economic activity and having a direct impact on growth in job opportunities across the country, particularly in Auckland and Canterbury,” Ms Faulding added.
Across New Zealand, demand for labour in construction is up +46% year-on-year in May 2014, farming is up +43%, trades and services are up +33%, and design and architecture job adverts are up by +26%.
The SEEK Employment Index, which measures the ratio of new job adverts placed with SEEK to the number of applications received for each job, experienced a +3.8% increase in May, largely offsetting the fall of -4.1% in April.
Ms Faulding continued: “The rise in the number of applications received for each job from April to May is a strong indicator of the continued confidence in the labour market. Skilled workers are currently on the move, so now is a great time for employers to look for new talent.”
“It’s encouraging to see that we’ve started off the new financial year with such strong job ad growth. As businesses look to execute on their New Year plans it will be interesting to see if this results in a continued demand for labour,” she concluded.