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.
NZ filled jobs rose 0.1% m/m in April to be up 1.4% y/y down from 0.3% m/m and 1.8% y/y in March. The pickup was driven by goods-producing industries with services flat and primary industries falling. Filled jobs have continued to rise even though total employment fell 0.2% q/q in Q1 but layoffs have been limited to date. With SEEK job ads down almost 30% y/y in April, labour demand is cooling sharply. Filled job growth is running well below working population at 3.1% y/y signalling that unemployment is likely to rise further thus continuing to ease capacity pressures. Q1 was the sixth consecutive quarterly rise and it is now up 30.1% y/y.
NZ labour market y/y%
Source: MNI - Market News/Stats NZ/Refinitiv
*Q2 filled jobs is the April outcome
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.