NZ employment confidence dims in June quarter as workers fear for job security

Sun, 26 Jun 2016

By Paul McBeth June 27 (BusinessDesk) - New Zealanders grew more pessimistic in the June quarter as they grew increasingly worried about job security as a swelling population increases competition for work and continues to keep a lid on wages. The Westpac-McDermott Miller Employment Confidence Index fell 3.3 points to 101.5 in the June quarter, giving up gains in the previous quarter and running below its five-year average. A reading above 100 indicates optimists outnumber pessimists. The present conditions index fell 2.1 points to 97.6 w...

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