Little comfort in 'robust' labour market figures

Little comfort in 'robust' labour market figures
Rebecca Howard
Local jobs numbers looked good in the March quarter but are of little comfort, given the rising number of layoffs and unemployment benefit claims since strict lockdown measures were imposed to contain the spread of covid-19. The unemployment rate rose to 4.2 percent in the March quarter versus 4 percent in the December quarter, which was the lowest level since the global financial crisis, Stats NZ said.The March quarter includes only one week of the alert level 4 lockdown when much of the economy ground to a complete standstill. Stats...

More Economy

Banking inquiry must address regulatory governance
Economy

Banking inquiry must address regulatory governance

Regulatory governance to blame for uncompetitive bank sector, experts say.

John Anthony 18 Feb 2025
NZ dollar's direction hinges on RBNZ forecasts
Economy

NZ dollar's direction hinges on RBNZ forecasts

If the RBNZ doesn't cut by 50bps, it will be a massive surprise.

Rebecca Howard 18 Feb 2025
From '100% Pure' to 40% Off
Economy

From '100% Pure' to 40% Off

Is a new ad campaign too 'Briscoes sale' for NZ's global brand?

Dileepa Fonseka 18 Feb 2025
Freightways up despite depressed economy
Economy

Freightways up despite depressed economy

The logistics company is closely monitoring the situation with Airwork.

Oliver Lewis 17 Feb 2025