English says bubbling jobs market may cool, wage growth and inflation to pick up

Wed, 01 Feb 2017

By Sophie Boot Feb. 1 (BusinessDesk) - Prime Minister Bill English says he expects employment growth to slow after the labour market achieved a record participation rate in the fourth quarter while signs were that inflation and wage growth would pick up. "There's always cycles in an economy, a very large number of jobs were created last year, a lot of people coming into the workforce, the highest participation rate we've ever had," English told journalists at the Beehive. "As the cycle goes through we'll see that slow down and inflation,...

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