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August 21, 2024

Job Ads Rose in July for the First Time Since January

job ads rose in july for the first time since january

Job advertisements faced a 3% increase in July, employment marketplace SEEK said in its report. 

The rise in job ad volumes was the first since the start of the year, coming after an 8% decline in the previous month.

Industries that interact directly with customers experienced notable growth, with retail and consumer products rising by 24% month-on-month, hospitality and tourism increasing by 20%, and government and defence jobs growing by 22%. The construction industry also experienced a 14% rise in job advertisements, fuelled by increases in the Design & Architecture and Trades & Services fields.

However, the consulting and strategy sector was the only industry to see a decrease in job advertisements in July, experiencing a decline of 7%.

Certain industries, including manufacturing, transport & logistics, and administration & office support, saw no change in job advertisements month-on-month.

Moreover, all regions except three experienced an increase in job advertisement volumes in July: Southland saw a decline of 12%, Tasman decreased by 4%, and Gisborne fell by 1%.

According to SEEK, Bay of Plenty recorded the highest monthly increase, with job ads up 16% from June. This marks the highest monthly growth the region has seen in over three years. Manawatu followed with a significant rise of 10%.

seek nz

Image source: SEEK NZ

Wellington experienced a 4% increase, while Auckland saw a 3% rise, marking the largest monthly increases in both cities in over two years. 

View the SEEK NZ Employment Report here.