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Speaker 1: New data out this morning from the Ministry of Social Development.

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Speaker 1: This is in the New Zealand Herald from MSD shows

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Speaker 1: that between September twenty three September twenty four, the number

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Speaker 1: of people getting the job seeker work Ready payment twelve thousand,

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Speaker 1: three hundred increase. That's eleven point eight percent. Interestingly, and

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Speaker 1: this is how the government will try and spin it.

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Speaker 1: More recent month on month data shows that the tide

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Speaker 1: is starting to turn back the other way for job

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Speaker 1: sec work ready numbers that are down by three hundred

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Speaker 1: people zero point two percent. That's month on month, So

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Speaker 1: they're saying, yes, year on year this looks bad, but

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Speaker 1: month on month, we think we have reached the peak. However,

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Speaker 1: we're going to go to Jennifer Mills, employment specialist at

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Speaker 1: Jennifer Mills and Associates, for her take on this this morning. Jennifer,

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Speaker 1: good morning to you.

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Speaker 2: Good morning. How are you Ryan?

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Speaker 1: Very well? Thank you, nice to hear your voice. Who

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Speaker 1: are you.

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Speaker 2: Seeing look at I was just thinking Ryan while I

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Speaker 2: was waiting. This is the first time that I've been

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Speaker 2: on your show and it's the first time we've caught

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Speaker 2: up since your previous role. So nice to be involved.

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Speaker 1: Nice to have you on. Tell me who are you

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Speaker 1: seen being made redundant at the moment.

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Speaker 2: Well, just before I look at who we, I think

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Speaker 2: our private practice experience is consistent with for September figures.

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Speaker 2: So we had a real spike in structuring instructions up

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Speaker 2: to the annualized June period. And it was the sort

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Speaker 2: of redundancies which were designed to cut labor costs. So

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Speaker 2: it was downsizing simple disestablishment of positions and it wasn't

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Speaker 2: the nice to have maximizing synergy type redundancies. So employers

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Speaker 2: were cutting costs. But interestingly, and this is the part

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Speaker 2: that's consistent with the data, since winter, we have seen

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Speaker 2: a decline in the number of restructuring instructions. And I

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Speaker 2: do wonder whether employers have now got to the point

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Speaker 2: where they've done everything they can from a cost labor

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Speaker 2: cutting perspective to you know, get the business right, and

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Speaker 2: now they're hunkering down. And I also wonder whether there

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Speaker 2: is an impact from the restructuring or recruitment I should

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Speaker 2: say freeze. So employers have completed their restructuring and now

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Speaker 2: they're in a holding pattern and there's very much a

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Speaker 2: freeze on recruitment and you may have seen also, Ryan,

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Speaker 2: that there's been a drop by thirty three percent in

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Speaker 2: job advertisements being posted coming up to that June twenty

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Speaker 2: twenty four quarter period. And you know, that's really telling.

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Speaker 2: I think that they're just aren't the jobs.

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Speaker 1: It's really interesting that what you're seeing marries up with

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Speaker 1: what we're hearing here from this data. Can you just

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Speaker 1: very quickly before we go the clients that you see

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Speaker 1: who have been made redundant in the last couple of

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Speaker 1: months or even in the last couple of years, do

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Speaker 1: they have savings to go and live off. Do they

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Speaker 1: have other work that they have managed to pick up.

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Speaker 2: No, So it's pretty pretty dire for a large group

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Speaker 2: of the people who we see are being made redundant.

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Speaker 2: Most are party to individual employment agreements. They don't have

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Speaker 2: an entitlement to redundancy compensation because there's no statutory right

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Speaker 2: to it in this country. Employers are doing the right

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Speaker 2: thing as best they can, and they are paying x

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Speaker 2: grasher payments to soften the blow, but we really, you know,

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Speaker 2: we do see employees being made redundant without savings, with

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Speaker 2: very little buffer, and it's excuse me, it's very difficult

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Speaker 2: for them to find and secure alternative employment, and that's

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Speaker 2: what we're seeing in the annualized results to September. There

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Speaker 2: is certainly then and an increase on the tenure and

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Speaker 2: your average as well, which is I guess by design

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Speaker 2: by the Reserve Bank. But people are doing it tough.

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Speaker 1: Yeah, it's what Bryan, It's what we need. It's what

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Speaker 1: we needed. Is what's what we ask for? Really, isn't

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Speaker 1: it as well in terms of taming inflation? But not

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Speaker 1: easy for those individuals who are affected. Jennifer Mills, thank

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Speaker 1: you very much for your time this morning, and great

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Speaker 1: to have you back on our show, any show.

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Speaker 2: Really.

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Speaker 1: I think you're great. Jennifer Mills, employment specialist at Jennifer

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Speaker 1: Mills and Associates. For more from Early Edition with Ryan Bridge,

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Speaker 1: listen live to News Talks it be from five am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio.