1 00:00:00,160 --> 00:00:02,960 Speaker 1: So I guess it's the jobs, isn't it. We're waiting 2 00:00:02,960 --> 00:00:04,880 Speaker 1: for those insolvencies and jobs are the last thing to 3 00:00:04,880 --> 00:00:06,760 Speaker 1: turn around in a recovery. So to the job adds. 4 00:00:06,800 --> 00:00:08,799 Speaker 1: This morning new data for January. They're up one point 5 00:00:08,840 --> 00:00:11,280 Speaker 1: three percent for the month. That's eleven point seven percent 6 00:00:11,280 --> 00:00:13,280 Speaker 1: for the year. That's the highest level in more than 7 00:00:13,360 --> 00:00:15,720 Speaker 1: three years. A Rob Clark is six Country manager and. 8 00:00:15,800 --> 00:00:16,119 Speaker 2: Is with us. 9 00:00:16,200 --> 00:00:19,520 Speaker 1: Rob, Very good morning to you. Good morning, you're feeling it. 10 00:00:21,040 --> 00:00:24,160 Speaker 2: It's great, is yes? Consistent growth over the last six 11 00:00:24,239 --> 00:00:26,640 Speaker 2: or seven months off the back of what we've experienced 12 00:00:26,640 --> 00:00:29,479 Speaker 2: about eighty months ago. Very positive news. 13 00:00:29,520 --> 00:00:31,080 Speaker 1: And this is a thing for the year, do you 14 00:00:31,120 --> 00:00:31,960 Speaker 1: think or we don't know. 15 00:00:33,760 --> 00:00:35,880 Speaker 2: Look all things being equal, and if you think about 16 00:00:35,880 --> 00:00:39,880 Speaker 2: some of the other macroeconomic numbers and figures coming out, 17 00:00:40,120 --> 00:00:44,120 Speaker 2: it's encouraging. And you know, obviously we're hopeful that this continues. 18 00:00:44,320 --> 00:00:45,280 Speaker 2: And so far, so good. 19 00:00:45,640 --> 00:00:48,960 Speaker 1: Construction at twenty percent, Are there actually the people who 20 00:00:48,960 --> 00:00:50,680 Speaker 1: fill those jobs? Is that going to be an issue 21 00:00:50,760 --> 00:00:50,920 Speaker 1: or not? 22 00:00:52,360 --> 00:00:55,560 Speaker 2: What pretend time, Mike is at the higher skill level, 23 00:00:55,600 --> 00:00:58,920 Speaker 2: the harder to find talent, you've got a real mix 24 00:00:59,000 --> 00:01:01,040 Speaker 2: with it in the construction so it's got to be 25 00:01:01,040 --> 00:01:03,480 Speaker 2: some roles that are very plentiful in terms of the 26 00:01:03,520 --> 00:01:07,040 Speaker 2: available talent, and there'll be some that are difficult to fill. 27 00:01:07,600 --> 00:01:11,480 Speaker 2: Broadly expecting that the amount of available talent in the 28 00:01:11,480 --> 00:01:13,319 Speaker 2: market at the moment is pretty strong. 29 00:01:13,280 --> 00:01:16,240 Speaker 1: Okay, so on, so they soak that up. I'm trying 30 00:01:16,240 --> 00:01:17,800 Speaker 1: to think big picture here. Do we get to a 31 00:01:17,840 --> 00:01:21,360 Speaker 1: point where if an area or industry like that continues, 32 00:01:21,400 --> 00:01:24,000 Speaker 1: you then start to potentially suck people back from places 33 00:01:24,040 --> 00:01:25,560 Speaker 1: like Australia or not. 34 00:01:27,280 --> 00:01:31,600 Speaker 2: Possibly we tend to be a net loser to Australia unfortunately, 35 00:01:31,600 --> 00:01:34,199 Speaker 2: but there are other markets where we obviously bring in talent. 36 00:01:34,480 --> 00:01:37,319 Speaker 2: You know. Obviously the Philippines is a pretty important market 37 00:01:37,400 --> 00:01:41,000 Speaker 2: for New Zealand in particular construction sector. So with net 38 00:01:41,000 --> 00:01:43,120 Speaker 2: migration being quite low at the moment, you know, that 39 00:01:43,319 --> 00:01:45,039 Speaker 2: is a possibility and we might start to see that 40 00:01:45,120 --> 00:01:45,800 Speaker 2: grow at all. 41 00:01:45,880 --> 00:01:48,440 Speaker 1: Wellington's up, which is good given the Wellington story. But 42 00:01:48,440 --> 00:01:50,400 Speaker 1: a three point three percent rise in government, I mean 43 00:01:50,440 --> 00:01:52,480 Speaker 1: I thought they were sort of I mean, any job's 44 00:01:52,480 --> 00:01:54,280 Speaker 1: a good job, but the public service thing gets a 45 00:01:54,320 --> 00:01:56,960 Speaker 1: bit political, doesn't it. 46 00:01:56,960 --> 00:01:59,000 Speaker 2: It does a little bit. I mean, obviously that covers 47 00:01:59,000 --> 00:02:02,040 Speaker 2: a lot of the regionals as well, and they've had 48 00:02:02,040 --> 00:02:04,480 Speaker 2: a hell of a time over the last eighteen months. 49 00:02:04,520 --> 00:02:07,280 Speaker 2: So look, it's a little bit of a recovery, not 50 00:02:07,320 --> 00:02:09,400 Speaker 2: nearly back to the levels it was, but it's good 51 00:02:09,480 --> 00:02:11,480 Speaker 2: to see that, you know, they're rebounding, just like the 52 00:02:11,480 --> 00:02:12,360 Speaker 2: rest of the country is. 53 00:02:12,400 --> 00:02:15,120 Speaker 1: Really what's the Auckland story. 54 00:02:15,280 --> 00:02:18,960 Speaker 2: The Yukland story is an absolute terms, you know, good 55 00:02:19,000 --> 00:02:21,799 Speaker 2: growth numbers, but in percentage terms, is lagging the rest 56 00:02:21,840 --> 00:02:24,680 Speaker 2: of the country. I think the real story geographically is 57 00:02:24,720 --> 00:02:26,919 Speaker 2: still a South Island you know, up sort of twenty 58 00:02:26,919 --> 00:02:30,480 Speaker 2: percent in terms of job add volumes, and that's you know, 59 00:02:30,520 --> 00:02:33,160 Speaker 2: that's off the back of some things going their way. 60 00:02:33,200 --> 00:02:37,520 Speaker 2: Obviously good population growth, infrastructure, recovering tourism sector and a 61 00:02:37,560 --> 00:02:39,840 Speaker 2: growing egg sector. So things are going pretty well in 62 00:02:39,840 --> 00:02:40,119 Speaker 2: the South. 63 00:02:40,120 --> 00:02:42,480 Speaker 1: Ask you that egg sector, you've got it still growing, 64 00:02:43,080 --> 00:02:45,600 Speaker 1: how much longer? How big does agg get and how 65 00:02:45,639 --> 00:02:47,680 Speaker 1: reliant do we become on a single thing? And does 66 00:02:47,720 --> 00:02:52,000 Speaker 1: that like nokire on the farm? 67 00:02:52,160 --> 00:02:54,880 Speaker 2: Well, you hope not. I mean, obviously it's reasonably broad 68 00:02:54,919 --> 00:02:58,360 Speaker 2: in terms of what that sector covers. Really pleasing to 69 00:02:58,360 --> 00:03:01,200 Speaker 2: see that both beef and sheep are doing well, you know, 70 00:03:01,200 --> 00:03:03,359 Speaker 2: off the back of some pretty torrid times, but obviously 71 00:03:03,440 --> 00:03:07,800 Speaker 2: Derry continues to be to be strong. So you're generally speaking, 72 00:03:08,320 --> 00:03:10,320 Speaker 2: eggs going really well across the market. 73 00:03:10,680 --> 00:03:13,200 Speaker 1: Okay, and where do we get that? Where's that line? 74 00:03:13,280 --> 00:03:16,160 Speaker 1: So presumably as things, you know, people listen to this 75 00:03:16,200 --> 00:03:17,679 Speaker 1: in the gar I might get back into the market. 76 00:03:17,760 --> 00:03:21,360 Speaker 1: So there are your participation rate going up juxtaposing against 77 00:03:21,360 --> 00:03:23,320 Speaker 1: the five point four When does that drop? 78 00:03:24,760 --> 00:03:27,760 Speaker 2: We would expect that to start dropping pretty soon. You know. 79 00:03:27,800 --> 00:03:29,760 Speaker 2: We tend to be a quite a good lead indicator 80 00:03:29,840 --> 00:03:33,720 Speaker 2: in terms of obviously employment in the market, and we've 81 00:03:33,800 --> 00:03:36,840 Speaker 2: seen that sort of six month growth unemployments obviously forecasts 82 00:03:36,840 --> 00:03:40,240 Speaker 2: that come down over time, which is encouraging. And if 83 00:03:40,280 --> 00:03:43,160 Speaker 2: you are a job seeker, you know, the more jobs available, 84 00:03:43,480 --> 00:03:46,880 Speaker 2: the less competitive it gets, and obviously that's been pretty 85 00:03:46,880 --> 00:03:49,080 Speaker 2: tough for job seekers over the last little while with 86 00:03:49,320 --> 00:03:51,320 Speaker 2: application rates being so high. 87 00:03:51,480 --> 00:03:52,760 Speaker 1: Well, it's good to have you on with Frager mate, 88 00:03:52,760 --> 00:03:55,760 Speaker 1: appreciate it, Rob Clark, who's the SEAK country manager. For 89 00:03:55,880 --> 00:03:58,920 Speaker 1: more from the Mic Asking Breakfast, listen live to news 90 00:03:58,960 --> 00:04:02,440 Speaker 1: talks that'd be fromx AM weekdays, or follow the podcast 91 00:04:02,480 --> 00:04:03,360 Speaker 1: on iHeartRadio.