Employment indicators

Filled jobs rise further in April

28 May 2021

Our take on the latest Employment indicators (Fri 28 May 2021)

Filled jobs up 0.3% (seasonally adjusted) in April 2021
Broad-based regional strength
Tourism-related industries recover more ground

The key numbers...

  • Monthly filled jobs rose further in April, increasing 0.3% (seasonally adjusted) from March.
  • Construction, healthcare, and public sector employment growth remain the key drivers of higher job numbers.
  • Earnings growth remains solid, with total earnings up 9.7%pa over the three months to April.
  • Filled jobs growth remains broad-based across New Zealand, with Northland and Waikato job numbers showing the strongest growth.

Job numbers rise further

Filled jobs, seasonally adjusted
3937

...and our reaction

  • Continued improvements in filled job numbers in April 2021 underscores the momentum in New Zealand’s economic recovery.
  • Annual comparisons in April make it difficult to analyse job trends, with April 2020 figures lowered by business decisions at the early stages of the pandemic.
  • Tourism-related industries are continuing to recover, with accommodation and food services and retail jobs on the right path. Although tourism-related jobs aren’t yet above pre-pandemic levels, they have regained ground in recent months.
  • Improved labour market indicators, including filled jobs and stronger job ad growth, mean skills shortages will continue to bite in specific sectors.