Don’t be fooled by the headline jobs number

Don’t be fooled by the headline jobs number
Rebecca Howard
New Zealand’s unemployment rate fell to 4 percent in the second quarter. Wait, what?In fact, covid-19 restrictions masked the true picture, pushed the under-utilisation rate to its highest level in 16 years and knocked labour force participation.Officially, there were 108,200 unemployed people in the June quarter but an additional 20,200 were not working and said covid-19-related reasons meant they were not looking or were not available to work.Those people may have been counted as unemployed in the absence of the lockdown restrictio...

More Economy

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday

Liquidated Sustainable Foods owed Kānoa $1.4m
Economy

Liquidated Sustainable Foods owed Kānoa $1.4m

Sustainable Foods joins the list of failed Kānoa-backed ventures.

Gregor Thompson 09 Dec 2024
Value of commercial property sales lowest in a decade
Economy

Value of commercial property sales lowest in a decade

The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says.The number of commercial property transactions has also fallen, with the value of sales dropping bel...

Maria Slade 09 Dec 2024