Job market firing up
The job market picked up again in April, with job ads up 2.6 per cent, showing a fourth monthly rise in a row, a bank survey shows.
"Firms are in hiring mode," ANZ said.
The ANZ's latest job ads report showed internet job ads rose 2.9 per cent in the month, while newspaper ads rose 0.7 per cent in April, after accounting for usual season changes.
The job ads are seen as a leading indicator and follow official figures showing employment up 3.7 per cent on a year ago.
"Recent trends in job ads bode well for continued employment growth," ANZ said.
The unemployment rate was expected to drop below 6 per cent in coming months.
Unemployment has remained stubbornly high, despite the growing economy.
Only rising labour force participation rates, which ANZ said was a "good thing", had stopped unemployment from falling below 6 per cent already.
More jobs would result in rising household incomes, essential for extending the economic expansion.
Internet job ads are up 21 per cent on a year ago, while newspaper job ads are down 12 per cent.
Regionally, internet and newspaper job ads were strongest in Auckland, with Otago the next best performer, while Wellington had staged "something of a recovery in recent months" ANZ said.
Wellington job ads were up 4.2 per cent in April and are almost 11 per cent up on a year ago.