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New Zealand job ads rise in March - ANZ survey

Reuters logo Reuters 5/04/2017
A worker walks along scaffolding covering an old building in the former CBD of the New Zealand city of Christchurch© REUTERS/David Gray A worker walks along scaffolding covering an old building in the former CBD of the New Zealand city of Christchurch

Job advertisements in New Zealand rose 1.6 percent in March from the previous month, led by increased demand for workers in the construction and manufacturing sectors, a survey by ANZ Bank showed on Wednesday.

Job ads rose 17.7 percent on an annual basis, the survey showed.

"The current strength of labour demand flags unemployment heading under 5 percent later this year, with accompanying modestly stronger wage growth," ANZ senior economist Sharon Zollner said.

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