Job ad volumes decrease 15% from February 2019 and 27% from February 2020 amid New Zealand's recession, with Construction and Industrial sectors experiencing significant declines.
Hiring activity dropped 3% in February, with Seek NZ's Employment Report revealing job ad volumes are now 15% lower than February 2019 and 27% down compared to February last year. The Construction and Industrial sectors experienced the greatest declines, with Manufacturing, Transport & Logistics falling 9% and Construction down 12%. As New Zealand enters a recession, job competition for candidates is expected to intensify in the coming months.
March 26, 2024
5 Articles