New Zealand’s Employment Will Grow Over 2010

May 13, 2010

13 May, 2010....New Zealand’s economy will probably add jobs over the remaining three quarters of 2010, according to a new indicator released by the government that adds to signs a recovery from recession is bolstering demand for workers. Employment is likely to grow between 0.1 percent and 0.5 percent in the next two quarters and “slightly more” in the final three months of the year, the Department of Labour said in the report published on its website. The leading indicator combines measures of share prices, commodity prices and weather patterns with previously reported statistics on business confidence and immigration to gauge the outlook for jobs. The unemployment rate fell to 6 percent, the first decline in more than two years, as about 22,000 jobs were added in the first quarter, government figures showed last week. The reviving labour market has stoked expectations among traders and economists that the central bank may raise the benchmark interest rate from a record-low as early as next month. Looking for a job in New Zealand? Have you registered at yet?