Tightening labour market has workers more nervous

Plenty of staff still expect to get a pay rise this year. (Image: Getty)

Tue, 27 Jun 2023

New Zealand workers have lost a little faith in the nation’s resilient labour market, with growing pessimism about the future availability of jobs. The Westpac McDermott Miller employment confidence survey showed the 1,560 respondents were still optimistic about the wider state of the labour market, which has seen persistently low unemployment and rapid wage growth, with the headline index falling 3.9 points to 105.6, its lowest level in two years. The current conditions index fell 7.9 points to 112.2, while the employment expec...

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