INDEPENDENT NEWS

SEEK NZ Employment Report September

Published: Thu 19 Oct 2023 07:53 PM
NATIONAL INSIGHTSAfter rising in August, job ads declined 2% September, and are now 1% higher than September 2019.Applications per job ad declined for the first time since January, dropping 4% month-on-month (m/m). *REGION INSIGHTSMost regions recorded a decline in job ads in September, with Auckland (-4%) and Wellington (-3%) driving this.Otago (7%), Manawatu (1%) and Taranaki (1%) were the largest regions by job ad volumes to record a rise m/m.INDUSTRY INSIGHTSDemand for workers in Community Services & Development is now 80% higher than pre-COVID.Declining job ad volumes in Information & Communication Technology (-7%) and Administration & Office Support (-6%) drove the overall monthly decline.
*Applications per job ad are recorded with a one-month lag. Data shown in this report refers to August data.
Of the September data, Rob Clark, Country Manager SEEK NZ, says:
“After four years, job ads volumes overall have returned to their pre-COVID normal levels. Some industries, remain significantly higher than they were in 2019, such as Community Services & Development, Government & Defence and Mining, Resources & Energy.
“Our urban areas of Auckland and Wellington are where job ads have fallen since pre-COVID, but all other regions are seeing job ad levels much greater, in some regions 50% and 60% higher.
“September recorded a 4% drop in applications per job ad, perhaps an indication that they are starting to plateau after two months of record-level applications. With application levels still so high, the balance of power, which had been so strongly with candidates for much of the past two years, is shifting to hirers.”
NATIONAL INSIGHTS
After a slight rise in job ads in August, they fell in September, dropping 2%. Volumes are now 1% higher than they were in September 2019, but 25% lower year-on-year (y/y).
The decline was driven by a decrease in job ad volumes in the largest urban regions, including Auckland, Wellington and Canterbury, as well as the largest industries.
Applications per job ad fell for the first time in seven months, but the 4% drop sees levels still at historically high levels, 118% higher than August 2019.
REGION INSIGHTS
While the largest regions declined in job ad numbers, Otago (7%), Manawatu (1%) and Taranaki (1%), recorded small increases m/m, among others. Driving the growth in the smaller regions is the Industrial sector where job ads outside the cities rose 6%.
Auckland (-4%), Wellington (-3%) and Canterbury (-2%) led the national decline in job ad numbers.
When compared to pre-COVID, Auckland and Wellington are the regions that have not grown in job ad volume, down 16% and 4% respectively. All other regions are recording significantly greater volumes, with Hawkes Bay (55%), Manawatu (52%) and Otago (38%) some notable examples.
Hawkes Bay (2%) and Tasman (2%) were among the regions that saw an uptick in applications per job ads, but most regions declined from the month prior.
INDUSTRY INSIGHTS
The largest industry to record an increase in job ads in September was Sales (4%) followed by Community Services & Development (1%).
Just as the largest industries were responsible for the overall rise in job ads in August, they drove the overall decline in September; Trades & Services and Manufacturing, Transport & Logistics roles both dropped 1% m/m.
In comparison to September 2019, job ad volumes in some industries remain significantly high, such as Community Services & Development (80%). In recent months, this has been driven by growing demand for Managerial roles which have risen 73% since July.
Other industries that have grown considerably since September 2019 include Government & Defence (56%) and Mining, Resources & Energy (50%), whereas others have dropped significantly; Design & Architecture (-46%) and Information and Community Technologies (-28%).
Retail & Hospitality roles saw an increase in applications per job ad, rising 11% m/m, followed by Real Estate & Property (21%) and Farming, Animals & Conservation (16%).

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