Covid's uneven employment impact still being felt

Covid's uneven employment impact still being felt
Construction is one industry that has added jobs in the past 12 months.
Andy Fyers
The unemployment rate dropped further in March and now sits at 4.7%, but some sectors are hurting more than others.Unemployment of less than 5% is far better than even the most optimistic economist's predictions from one year ago when it was widely assumed rates would be up to at least 7% by this point, possibly even pushing double digits in the worst-case scenarios.So, while the economy and labour market are more robust than anticipated, there are still plenty of workers adversely impacted by covid-19 shock depending on where you look.Part...

More Economy

RBNZ's inflation target conundrum
Economy

Cameron Bagrie: RBNZ's inflation target conundrum

A debate is pending on the inflation target as economic pain rises.

NZ continues to cut trade deficit
Economy

NZ continues to cut trade deficit

Imports were down $1.9 billion, or 25%, compared to March last year.

Murray Jones 24 Apr 2024
Jobs growth still strong for small NZ businesses
Economy

Jobs growth still strong for small NZ businesses

Xero says jobs rose 7% year-on-year in the March quarter.

Rebecca Howard 24 Apr 2024
The labour market is doing what the RBNZ wants
Economy

The labour market is doing what the RBNZ wants

BNZ expects unemployment to tick up to 4.3%. 

Rebecca Howard 23 Apr 2024