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New Zealand job market improving

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The quarterly Manpower employment outlook survey has revealed a "moderately improved" New Zealand labour market in the final quarter of 2009, with a greater percentage of employers saying they intend to hold onto their staff. The survey of 720 New Zealand employers found hiring intentions over the next three months remains in negative territory with a net employment outlook of -1 percent. However, employer confidence is on the increase after two successive quarters of moderate improvement. The proportion of employers planning to increase hiring rose to 14 percent and those planning to decrease hiring fell to 13 percent. Although hiring intentions are still weaker than a year ago, managing director, Lincoln Crawley said there are positive signs the New Zealand job market is stabilising. Manpower said the recovery of the job market may not be evenly spread across the country. Christchurch faces a net employment outlook of -10 percent; while employers in Auckland and Wellington, both with net employment outlooks of -2 percent, are expecting a moderately improved hiring climate compared to the third quarter.

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