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New Zealand’s ANZ job ads rose 3.1% in July and in part this reflects monthly volatility and we would caution against reading too much into the monthly move, explains Liz Kendall, Senior Economist at ANZ.

Key Quotes

“Looking through this volatility, job ads point to labour market stability. So far the labour market has been resilient in the face of downbeat business sentiment, but clouds may be forming over the outlook.”