Capacity pressures and skill shortages were set to become key issues for businesses.
Releasing the ANZ Job Ads Series, Mr Bagrie said job advertisements were rising everywhere around the country except Canterbury.
Job advertisements carried by the Otago Daily Times for Otago were up 12.1% in the last three months alone, seasonally adjusted, and 16.7% year-on-year on a three-month average.
Queenstown would be contributing to that, he said.
Waikato job advertisements were up 14.7% year-on-year, despite struggles in the dairy sector.
"This region's economy is certainly one of two halves as the housing and construction sectors booming.''
Manawatu was up an "impressive'' 15.6% year-on-year and Hawke's Bay was up 12.2%.
Reviewing the national series, job advertisements lifted 0.5% in June and were accelerating.
They were running 9.1% higher than a year ago, Mr Bagrie said.
Internet job advertising lifted 1% in June while newspaper advertising, which was much more volatile, fell 6% after rising a similar amount in May.
ANZ only included advertisements from newspapers in Auckland, Wellington and Christchurch in the national series, with other newspapers, such as the ODT, being included in the "rural division''.
Auckland job advertisements were up 11.8% on a year ago and Wellington advertisements were up 7.1%.
Canterbury was experiencing a "unique cycle'', he said.
Advertisements were 9.3% lower than a year ago as the earthquake rebuild effort gradually wound down.
"Job ads are rising around the country, except Canterbury, to meet demand and particularly for new housing and infrastructure.
"The uniformity across the regions signals an economic expansion that is flowing strongly into job creation. It's merely a question of time before that puts upward pressure on wages.''
The economy did not look to be in need of further interest rate stimulus at present, Mr Bagrie said.
