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Auckland Employers Continue To Pull Back On Hiring, According To Manpower's Employment Outlook Survey

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Fuseworks Media
Fuseworks Media
Auckland Employers Continue To Pull Back On Hiring, According To Manpower's Employment Outlook Survey

AUCKLAND, Sept. 9/Medianet International-AsiaNet/--

The Manpower Employment Outlook Survey released today shows that the employment prospect for New Zealand job seekers has continued to weaken, as we go into the last quarter of 2008.

The survey of 770 employers across New Zealand reveals that employers intend to be cautious in their hiring plans for the fourth quarter of 2008, especially in comparison to the survey results reported in recent quarters.

Auckland's employment market appears to be in a decline in the October - December quarter of 2008, with a Net Employment Outlook of +8%. Whilst this is relatively stable quarter-over-quarter (previously 9%), this outlook represents a significant 21% downward decline in 12 months and does not yet appear to have bottomed.

According to Catherine Lo-Giacco, General Manager of Manpower New Zealand, "The New Zealand economy stalled in the first half of 2008; reducing company's profits, so employers became more hesitant in their hiring plans. This decrease in demand for staff will also continue to put pressure on New Zealand households, as they are faced with increasing inflationary pressures, and cost of living largely due to hefty increases in petrol and rent costs, and many households need these jobs.

This decline in jobs growth is being felt in many industries throughout New Zealand, particularly employers in the Public Administration & Education and Mining & Construction sectors; declining by 12 and 13 percentage points respectively; and at levels not seen since the New Zealand Manpower Employment Outlook Survey started in 2004.

New Zealand's recent strong downturn in the economy is weighing on the minds of employers. They are not conducting widespread layoffs across industry sectors; which is encouraging, yet we are not seeing much appetite to add staff either. " said Lo-Giacco.

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