17 Jul 2014

Turnaround in job ad figures

12:33 pm on 17 July 2014

The number of jobs advertised in June jumped nearly six percent in seasonally-adjusted terms, more than reversing the near five percent decline in May.

ANZ Bank says the trend is modestly higher with ads in June being just 0.6 percent higher than in April.

The bank's survey found a 3.8 percent increase in job ads on the internet were swamped by the 18.6 percent surge in newspaper advertising.

It said the small increase in ads points to continuing but modest growth in employment and it's forecasting the unemployment rate will edge down to 5.5 percent by the end of the year, from six percent at the end of March.

The survey also found job ad numbers rose in Auckland, Wellington and Christchurch, although ads in Auckland remained below the April peak and Wellington's were below their January peak.

In Christchurch, job ads rose in June for the first time in three months.