Job ads rise nearly 4pc

Last updated 11:50 21/03/2014

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Job advertisements rose by a seasonally adjusted 3.7 per cent in February, building on a lift the same size in January, according to the latest ANZ New Zealand Jobs Survey.

Internet advertising rose 3.9 per cent over the previous month, gaining market share on newspaper advertising, which lifted by 2.3 per cent.

Despite the modest rise in February, the level of newspaper advertising remains 6.6 per cent below the same period a year earlier, ANZ said.

On a regional basis, the annual change in rolling three month averages showed the number of jobs ads had grown in Otago, Waikato, Canterbury and Hawke's Bay, while Wellington and the Manawatu had lost ground.

Of the main centres, Canterbury continued to show the strongest growth in job advertisements.

ANZ economist Sharon Zoellner said nationally, the relationship between the unemployment rate and the job ads survey had been less reliable recently.

"Nonetheless, the marked acceleration in job ads now evident offers encouragement that the improvement evident in the labour market will persist," she said.

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- Fairfax Media

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