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...
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...

Ardern hints at mandatory contact tracing for businesses
Victoria Young | Wed, 15 Jul 2020

Prime Minister Jacinda Ardern today warned businesses to encourage contact tracing or she might force it upon them. “My message to businesses is to put that poster up. We’ve always said it was volu...

GAVIN EVANS: Southland jobs sacrificed to confused energy policy
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...