Half of subsidised jobs could go by Xmas - NZIER

Half of subsidised jobs could go by Xmas - NZIER
Brent Melville
The persistence of covid-19 and its economic impact could see about half the 482,000 jobs supported by the wage subsidy scheme lost by Christmas and unemployment reach 7 percent, the New Zealand Institute of Economic Research says. In its latest quarterly outlook, the institute noted that the unemployment rate had already risen to 4.9 percent as covid restrictions were relaxed and more people were able to look for work. But economist Dion Gamperle said a large number of people were now working reduced hours, with the average work week bei...

More Economy

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Oliver Lewis 30 Jul 2025
Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

Rebecca Howard 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025