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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.
NEW ZEALAND
SEEK job ad data for October is showing that the NZ labour market continues to ease but isn’t weak with the level above the series average but at its lowest since the Covid-impacted February 2021. The 3-month average is in line with 2019. Ads fell 5.6% m/m to be down 29.4% y/y with declines recorded in all of the largest cities. This should be another piece of information that reassures the RBNZ that the economy is developing in line with its expectations when it meets on November 29.
- Applicants per job rose another 3.9% m/m in September, close to July’s high. SEEK NZ country manager Clark said that “Application levels are again close to a record high, which demonstrates the desire for many workers to make a move ahead of Christmas. For hirers, particularly in industries where worker demand remains high, such as Community Services & Development and Hospitality & Tourism, this should mean greater choice.”
NZ SEEK job ads 2013=100
Source: MNI - Market News/SEEK
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.
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