The uncertain economic environment could be the reason for climbing unemployment and declining job ads.

The latest Seek data shows job ads fell 0.8 percent last month, the third consecutive month of decline.

It suggests conditions remain strongest in the South Island, while centres like Auckland, Wellington, and Waikato face greater headwinds. 

Westpac Chief Economist Kelly Eckhold says the labour market has not emerged unscathed from the Iran war. 

"Perhaps at the start of the year, they were looking forward to a much better year, but business confidence really got buffeted around the last three or four months." 

LISTEN ABOVE

The uncertain economic environment could be the reason for climbing unemployment and declining job ads.
The latest Seek data shows job ads fell 0.8 percent last month, the third consecutive month of decline.
It suggests conditions remain strongest in the South Island, while centres like Auckland, Wellington, and Waikato face greater headwinds.&nbsp;
Westpac Chief Economist Kelly Eckhold says the labour market has not emerged unscathed from the Iran war.&nbsp;
"Perhaps at the start of the year, they were looking forward to a much better year, but business confidence really got buffeted around the last three or four months."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Kelly Eckhold: Westpac Chief Economist on job ads falling for the third month in a row

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6cf7937a-714a-4b62-9adc-b4a400622801/transcript