Employment marketplace SEEK says job advertisements fell for the third month in a row during October.
SEEK's latest NZ employment report shows job ads edged down 1% month-on-month and fell 3% on a quarterly basis.
The report found job ads in the past four months have remained relatively flat, particularly in comparison to the two preceding years.
“The labour market remains challenging as ad volumes continue to decline and the unemployment rate is still climbing,” SEEK’s NZ Country Manager Rob Clark says.
“While trending downward, the recent declines in job ads have been smaller compared to the preceding 12 months.”
Year-on-year, job ads were down 26%, slightly lower than the 29% year-on-year fall in September.
Applications per job, which SEEK records with a one month lag, inched up in August by 1% month-on-month.
SEEK says after rising 6% in September, job ads declined 4% in Canterbury in October. Auckland also declined 2%, and together these two regions drove down national ad volumes for the month.
“Some regions, including Wellington and Waikato saw job ads rise in October, which is positive given the many months where the larger regions declined,” Clark says.
The largest regions to see increases in job ad volumes during the month were Otago (up 5%), Wellington (up 3%) and Waikato (up 2%).
Year-on-year, job ads fell the most in Marlborough, down 44%, while Gisborne recorded a 39% fall and Wellington job ad volumes declined 33%.
SEEK says hospitality and tourism job ads have risen 37% since June, and rose 8% in October. The latest report found there’s a “rising demand” for housekeepers month-on-month (up 27%), wait staff (up 10%) and chefs/ cooks (up 9%), among other roles.
Demand for government and defence workers has also been on the rise since August, and job ad volumes for that category rose another 15% in October. Banking and financial services job ads were up 18% in the month.
The report noted community services and development job ads were among the other industries with notable growth in demand month-on-month, rising 7%.
10 Comments
China is buying less. Which in turn will also affect Australia.
Trump is about to put huge trade tariffs in place and slash direct government costs.
Europe is at war and about to find they have to fund it. But their own economies are to sunk to do that. At least their militaries might pick up slack in employment?
As for nz... let's just drop the ocr and sell houses to each other again and pretend it will make up for a short to long term rapid decline in our exports.
The piper wants what's overduue.
Do your research..
Check out the trend job ads are back to 2019 levels
This is still last months report..https://www.seek.co.nz/about/news/article/seek-nz-employment-report-oct…
I dont think that stable employment will exist for much longer. Watch musk and trump try to reduce their excess debts and the us and eu automakers try to match global staff costs. They have to smash unions and disestblish jobs and job security.. a scenarion which they will export.
For our kids. Work very hard and be one of the smartest humans.. to be in demand in the years to come.
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