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- Release Date: 05/10/12 12:30
- Summary: GENERAL: TME: Latest figures suggest a robust job market
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TME
05/10/2012 09:30
GENERAL
REL: 0930 HRS Trade Me Group Limited
GENERAL: TME: Latest figures suggest a robust job market
MEDIA RELEASE
5 October 2012
Latest figures suggest a robust job market
The local job market is proving robust with advertised vacancies up 12.3 per
cent on a year ago, according to an analysis of 46,000 roles on Trade Me Jobs
over the quarter.
Head of Trade Me Jobs Pete Ashby said underlying confidence was surprisingly
strong. "We've seen the market rebound to double digit growth. The
Canterbury rebuilding efforts continue to underpin this growth, but most
segments appear in good heart."
By the regions
The Christchurch rebuild effort continues to gain momentum with the roadmap
release providing a tailwind. "Early stage planning jobs continued to
increase, but we've seen a real swing to more coal-face rebuilding roles".
Demand for construction project managers and supervisors grew 88 per cent and
356 per cent respectively.
"The broader Canterbury economy is going gangbusters. It appears that
population growth and rising house prices are the driving factors behind
sharply increased listings in Ashburton and Timaru".
Conversely Auckland provides some cause for concern. "The City of Sails has
typically been the employment engine room, so to be up only 2.7 per cent is a
little disappointing. However this time last year the country was in the
midst of a RWC-inspired tourism and hospitality boom, so this has certainly
weighed on employment numbers in this market."
Sector by sector
Overall, the top three sectors in terms of growth compared to a year ago were
construction and architecture (up 94%), healthcare (up 49.9%) and
agriculture, fisheries and forestry (up 36.7%).
Mr Ashby said he expected growth in the healthcare sector, noting that the
country's aging population implied an increasing demand for staff in the
industry. "In particular we've noticed a rise in demand for nurses and
midwifes, up 81% on a year earlier".
On the flipside, listings in HR & recruitment have sunk by 24%. "The
all-of-government project has caused uncertainty for recruiters, especially
in the capital city. Now that the results are known, we expect recruiters
will be able to plan with a little more conviction."
Crystal ball gazing
Mr Ashby said there could be a few contrasting influences on the job market
in the coming months. "The kiwi dollar's rise shows no signs of abating,
especially with the RBA cut last week and on-going global uncertainty. This
could hamper our export sector."
"On the plus side however, house prices now appear to be on the up across the
country. Along with employment, these could prove a key contributor to
consumer confidence."
-ends-
CONTACT: Pete Ashby, Head of Trade Me Jobs, Ph 021 240 8028
End CA:00228153 For:TME Type:GENERAL Time:2012-10-05 09:30:06
