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Online job site Seek is reporting a continuing rise in job adverts, led by Auckland, with ads rising at a faster rate than applicants.

Last week, Statistics New Zealand shocked commentators when it announced the unemployment rate reached 7.3 percent in the December quarter, up from 6.5 percent in the previous three months.

A net 2000 people lost their jobs in the December quarter compared with an average of 17,000 a quarter over the previous nine months, while the labour force unexpectedly rose by 16,000 people.

Seek general manager Annemarie Duff said that despite the official unemployment figures, the news may be more positive than it looked.

"While the current unemployment rate seems alarming, this is based on October to December data, however today’s data shows there are significant increases in job numbers, it’ll just take some time for supply and demand to converge,'' she said.

Read more: http://www.nbr.co.nz/article/online-job-site-figures-raise-employment-hopes-118257