The general election has cooled the New Zealand employment market according to analysis of over 71,000 vacancies advertised on Trade Me Jobs between July and September.
Head of Trade Me Jobs Jeremy Wade said the strong double-digit growth in new listings reported over the previous 12 months eased last quarter, and was only up a modest 4.8 per cent year-on-year, and well down on the high of 16 per cent growth in the December 2016 quarter.
“Over the past three months, we’ve seen Kiwi employers put their foot on the brakes as election apprehension has rippled throughout the country. Traditionally during an election we see some effect on the employment market, however greater uncertainty around this year’s general election has hit harder than expected.”
Listings from small and medium-sized businesses in particular tailed off more than during the 2014 election campaign.
An indicator of economic slowdown?
Mr Wade said uncertainty around who would be in Government has delayed any potential post-election recovery. “Once a Government forms, we typically see the job market bounce back as the country finds its employment rh