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Free AccessBNZ/SEEK note a "65.3% drop in job......>
NEW ZEALAND: BNZ/SEEK note a "65.3% drop in job advertising in April, followed a
27.0% fall in March, making for an annual rate of decline of 75.4%. There is
certainly the potential for recovery in May's job advertising, given the shift
down to level 3 that occurred on 28 April, and more so the government's
announcement on 11 May that the country will be transitioning down to level 2
starting 14 May. However, it might be June before businesses feel they are in a
position to start making important decisions around hiring. As we look for signs
of uplift in job advertising, from April's low base, variations by industry and
region will be worth noting. While the regional picture in April remained
uniformly weak, there remained some variation by way of industry. That
Hospitality & Tourism didn't experience the most negativity underscores that
many sectors are suffering significantly. Of the sectors, advertising in Real
Estate & Property held up best; it reduced 23.2% in April to be about half of
its level a year ago."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.