Economy

Benefits stable as 100,000 come off wage subsidy

Paul McBeth
Fri, 25 Sep 2020

The number of people claiming unemployment benefits was largely stable last week, despite almost 100,000 workers coming off the government’s wage subsidy programme.There were just 120,176 jobs supported by the programme and its extensions as at Sept. 18, down from 217,912 seven days prior and a peak of 1.66 million on May 29, Ministry of Social Development figures show.That’s seen the government pay $14 billion to keep as many of those people in work and, barring further extensions, is expected to taper off in mid-November.Unemploym...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Health
Kiwis' mental health down during pandemic, says wellbeing survey
Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Energy
Genesis could extend Huntly's life to post-2040 using biomass
Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges