Latest / Early Edition with Ryan Bridge / Rob Heyes: Infometrics Economist on employment numbers rising

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Rob Heyes: Infometrics Economist on employment numbers rising · Early Edition with Ryan Bridge

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  Speaker 1: A bit of good news on the jobs front, the
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  Speaker 1: employment markets showing slight signs of life field jobs up
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  Speaker 1: point three percent in May. This is according to stats
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  Speaker 1: in z Verse April. Ironically, the biggest gains over the
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  Speaker 1: past year public sector, public administration, healthcare, education, financial services
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  Speaker 1: leading the way. Rob Hayes Infimentric's consulting with me this morning,
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  Speaker 1: Rob Gida mon In Rayan. So, trends are.
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  Speaker 2: Good, it's looking good. It's it's very early days. I'm
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  Speaker 2: not ready to say we're out of the woods yet
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  Speaker 2: in terms of a labor market recovery, but I think
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  Speaker 2: at this stage any good news is great. Given the
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  Speaker 2: last few months and fuel prices, et cetera.
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  Speaker 1: Fair to say that the you know, we had the
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  Speaker 1: terrible employee confidence or employment confidence survey the other day.
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  Speaker 1: Fair to say that the you know, the fear is
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  Speaker 1: more than well, the bark of this is more than
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  Speaker 1: the bite.
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  Speaker 2: I think. So our current analysis is that fuel prices
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  Speaker 2: didn't go quite as high as we thought they would,
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  Speaker 2: and then they've not stayed as high for as long
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  Speaker 2: and a lot of that has to do with the
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  Speaker 2: cessation of conflict in the Middle East. So yeah, it's
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  Speaker 2: not as bad as we thought he was going to
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  Speaker 2: be a few months ago.
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  Speaker 1: Would they public sector jobs that have been taken up
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  Speaker 1: mainly to fill shortages? What teachers?
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  Speaker 2: Healthcare? What is it when we talk about public sector
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  Speaker 2: public administration in the data release, we're talking more about
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  Speaker 2: kind of central and local government. So we kind of
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  Speaker 2: cross check that against some of the figures of the
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  Speaker 2: Public Service Commission puts out. And they're looking at ird,
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  Speaker 2: Ministry of Education, Departments of Corrections, are anger tamariki, They're
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  Speaker 2: they're all showing growth in job numbers. Education and health
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  Speaker 2: care treated as separate industries in the numbers. But yeah,
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  Speaker 2: they're seeing job growth as.
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  Speaker 1: Well, all right, and of course been a revision down
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  Speaker 1: which often happens that thank you Rob, Rob Hayes Informetris
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  Speaker 1: consultant so Stats in Dedfigure's show, because they keep revising them.
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  Speaker 1: They are such a regular update that they then have
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  Speaker 1: to revise them because the numbers are often just out
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  Speaker 1: as they work. For April point two percent rise now
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  Speaker 1: one point two percent four fulfilled job numbers, which they
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  Speaker 1: say is seasonally adjusted. For more from early edition with
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  Speaker 1: Ryan Bridge. Listen live to news Talks. It'd be from
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  Speaker 1: five am weekdays, or follow the podcast on iHeartRadio