ONLY CHARTS #196

Aus-NZ migration & labour market, NZ activity index, World GDP growth, Aus-NZ spreads & AUDNZD

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1. We had a request for the chart below. It compares the ratio of SEEK job ads in New Zealand to those in Australia (orange line) with net migration from NZ to Australia.

Clearly, relative labour market conditions have encouraged greater net migration out of NZ to Australia.

2. That relationship is also very clear when comparing unemployment rates between Australia and New Zealand.