Jobs Online monthly report – January 2011
Jobs Online measures changes in job ads on the main internet job boards.
The latest figures from Jobs Online shows that job advertisements have increased over the January 2011 quarter. The increase in job vacancies — in conjunction with other labour market data — indicates that future employment prospects in the economy are gradually improving.
Job advertisements increase further…
Jobs Online shows that the number of job advertisements continued to grow over the January 2011 quarter. The growth rate in January 2011 is lower than that reported in December, as strong growth in the month of December 2010 was followed by a weaker growth in January. As a result, the trend growth rate in January 2011 is similar to that in November 2010.
Skilled vacancies increased by 2.7 percent in the January 2011 quarter, down from 3.0 percent in the October quarter. Total vacancies increased by 2.6 percent in the January quarter, down from 3.2 percent growth in the October quarter.
Over the past year, skilled vacancies increased by 31.1 percent and total vacancies increased by 30.2 percent.
Job advertisements have been increasing consistently since June 2009, when they were at their lowest point due to the economic recession, with skilled vacancies up by 49.0 percent and total vacancies up by 52.9 percent.
Figure 1: Skilled Vacancies Index (SVI) and All Vacancies Index (AVI) - Trend series (May 2007=100)
…as future employment conditions appear to be improving.
The increase in the number of advertised vacancies over the January 2011 quarter, as measured by Jobs Online, indicates that employment prospects in the economy continue to improve. This is consistent with the latest results from the National Bank’s Business Outlook and New Zealand Institute of Economic Research’s Quarterly Survey of Business Opinion (QSBO), which both show that employers intend to increase staffing levels in the short-term. This is in line with the Department’s view of a continued gradual recovery in employment over the coming year.
Skilled job advertisements have increased in most regions…
Skilled vacancies increased in most regions in the January 2011 quarter. Table 1 shows that growth was the strongest in Christchurch, followed by Auckland and Wellington. Skilled vacancies also rose in the North Island (excluding Auckland and Wellington), but there was a small drop in the South Island (excluding Christchurch). On an annual basis, skilled vacancies increased for all regions.
|Region||Oct 10 – Jan 11||Jan 10 - Jan 11|
|North Island – other||2.1%||23.9%|
|South Island – other||-0.8%||8.5%|
Figure 2: Detailed region charts and data
…and increased in most industries…
Table 2 shows that growth in the number of advertised skilled vacancies varied significantly across industry groups. The largest increases in the January 2011 quarter were in hospitality and tourism and IT, but healthcare and medical vacancies fell sharply.
|Industry group||Oct 10 – Jan 11||Jan 10 - Jan 11|
Hospitality and tourism
Sales, retail, marketing, advertising
Education and training
Construction and engineering
Accounting, HR, legal, administration
Healthcare and medical
Figure 3: Detailed region charts and data
…and increased across all skilled occupational groups.
Table 3 shows that advertised skilled vacancy growth has increased across all the major skilled occupational groups.
|Occupational group||Oct 10 - Jan 11||Jan 10 - Jan 11|
|Technicians and trades workers||6.9%||47.9%|
|All skilled occupations||2.7%||31.1%|