Abstract
The Department o f Labour is currently testing a number of Leading Indicator of Employment (LIoE) series. These indicators are aggregations of different series into a single composite index. The LloE series are designed to give advance warning of turning points in employment. The series have been shown to lead cyclical employment consistently over a long period. Results for recent periods are discussed in more detail as they show deviations from the close historic relationship. This may indicate fundamental shifts in the New Zealand labour market.
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