Jobs data unlikely to ruffle RBNZ's feathers

Rebecca Howard
Wed, 06 Nov 2019

Rebecca Howard
Wed, 06 Nov 2019
Wage growth hit a 10-year high in the September quarter, but it won’t offer much relief to the Reserve Bank as it was all down to pay settlements.Public and private sector wage inflation - as measured by the labour cost index - rose a quarterly 0.8 percent and an annual 2.4 percent. It was the largest annual increase since the June 2009 quarter, Stats NZ said.However, if a lift in the minimum wage and a series of pay settlements were stripped out, the annual lift would have been a more modest 1.8 percent. That number continues to point to tepid...
Policy
Auckland Council needs to fill $750m shortfall
Brent Melville | Wed, 15 Jul 2020

Auckland Council is facing a "larger than expected" fiscal hole of $750 million this year, including a provision of $224 million to shore up its creaking water infrastructure. In announcing its dec...

Retail
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Victoria Young | Wed, 15 Jul 2020

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Economy
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Gavin Evans | Wed, 15 Jul 2020

The 2,600 jobs to be sacrificed in Southland next year are a high price to pay for confused energy policy and a multi-decade decline in this country’s economic ambitions. Despite the writing being...