Good news if you are planning on immigrating to New Zealand! According to New Zealand’s top employment marketplace, Seek NZ, job advertisements showed an annual growth of 55.3% in March, despite COVID-19 restrictions. There are currently 30,877 job vacancies listed on Seek in New Zealand.
Yes, this time last year is when the country went into Level 4 lockdown in response to the arrival of the coronavirus pandemic – resulting in a weakened baseline. However, March’s job postings rebounded strongly, returning to levels 5.8% higher than those of two years ago.
This increase in job opportunities in New Zealand proves just how well mankind has adjusted to life in the era of COVID-19. Even with additional restrictions put in place for the beginning of March, cities across New Zealand continued to record increased advertising for jobs.
Smaller regions such as Bay of Plenty, West Coast, and Otago outshone their bigger counterparts with rises of up to 21% in March, while Auckland outpaced the national growth with an increase of 13.3%.
Not only does the surge in job postings equate to an increased number of job opportunities, but it is also reflected in a surprising drop from 5.3% to 4.0% in the unemployment rate. This downward move revealed in a report by Stats NZ was a happy shock for financial analysts and economists, with one of New Zealand’s leading commercial banks, ASB Bank Limited, admitting it was “gobsmacked”!
Once again, the resilience of New Zealand’s employment market has transcended all expectations.
On top of the perennial best-performers, government and property related fields, the industries that had the largest uptake in job adverts included retail and consumer products, sport and recreation, and hospitality and tourism. The travel, tourism, and hospitality sector is set to improve dramatically as the restart of the Trans-Tasman travel bubble gets the thumbs up from a disease modelling expert.
Contact the Tri-Nations Migration team of advisers for assistance when immigrating to New Zealand.