NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%)

Job advertisement series from ANZ Bank in New Zealand

January comes in at -0.2% m/m 

• December was +1.4% (revised from +1.6%), bringing 2016 job ad growth to its strongest (annually) since 2011

For the y/y (this is a 3 mth MA), up 19.6%

ANZ remarks on the result:

• First decline after16 consecutive increases in job ads


• "Small breather"


• The construction, utilities, manufacturing and transport sector remains the largest sectoral driver of total job ads growth. Retail, tourism and recreation and services are also contributing strongly.


• Despite an increase in the unemployment rate in Q4, the current strength of labour demand flags stronger wage growth this year.
  

--

Yesterday"s Q4 official employment data was all-round surprise miss, and the NZD sold off persistently in the aftermath. Its recovered somewhat in the wake of the FOMC

statement Wednesday afternoon (US time): Federal Reserve holds rates at 0.50%-0.75%, as expected

NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%)
NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%)
http://www.forexlive.com/feed/news
$inline_image !!! CLICK HERE TO READ MORE !!! NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%) Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/nz-data-anz-job-ads-january-0-2-mm-prior-1-6/