CORRECT: New Zealand employment confidence falls to 3-year low on weak wage growth

Sun, 27 Sep 2015

(Corrects spelling of Westpac economist Satish Ranchhod) By Jonathan Underhill Sept. 28 (BusinessDesk) - New Zealand employment confidence turned pessimistic in the third quarter, falling to a three-year low, with fewer workers expecting a pay rise in a labour market where more people are looking for a job. The Westpac McDermott Miller Employment Confidence Index fell to to 99.3 in the September quarter, from 102.8 three months earlier. The present conditions index slipped to 92.9 from 96.1 and the employment expectations index dropped...

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