ANZ job ads up 0.9% m/m (prior +0.4%) and up 8.9% y/y (3 month MA)
In the report ANZ note:
- Job ads are high
- But flattening out
- Maturing business cycle
- gradually tightening labour market and more entrants into market
ANZ also looking at new policies from incoming government to impact on future trends:
- policy on minimum wages , workplace reform
On wages:
- "the wage growth pendulum looks set to finally start to shift a little higher"
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Little change for the NZD, up a few tics.
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ANZ labour market measurement based on online and print job advertising.
