Employment growth is starting to level out, although education and training vacancies are up more than 20 percent, according to the Department of Labour.
The latest analysis by the Labour and Immigration Research Centre puts the quarterly Lead Employment Indicator (LEI), which combines five economic indicators historically shown to lead turning points in the employment cycle, at moderate growth for the September quarter.
And the Jobs Online monthly report for July shows growth in online skilled job vacancies was flat, although still 17 percent higher than a year ago.
The LEI was down 0.1 percent for the June quarter, but Vasantha Krishnan, head of the centre, said that did not constitute a turning point.
"That would require two consecutive quarterly movements in a new direction.
“The indicator is still predicting that employment will increase by about 0.6 percent in the September 2011 quarter and between 0.4 and 0.6 percent in the following two quarters.”
After reaching a trough during the second half of 2009, the LEI index rose steadily over the last seven quarters prior to this quarter’s fall.
Jobs Online, which provides information on the demand for labour by monitoring the number of jobs advertised on Seek and TradeMe Jobs, showed Canterbury led demand for skilled workers with vacancies growing 4.3 percent in the last month.
Industries with the biggest growth nationally were education and training (up by 21.2 percent) and healthcare and medical (up by 3.5 percent).
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