NZ: Job ads increased 0.9% in March - ANZ

ANZ job ads for New Zealand economy increased 0.9% m/m in March, after dipping 1.2% in February, notes Liz Kendall, Senior Economist at ANZ.

Key Quotes

“The annual growth rate increased to 6.1%, but remains well below the strong rates seen during 2016. We are not surprised to see job ads growing at a modest pace. It reflects the maturity of the economic cycle, with the labour market tight and skilled labour difficult to come by. The current pace of growth is consistent with our forecast for moderating employment growth.”