NZ workers lose confidence in jobs market as pay outlook dims

Tue, 25 Sep 2018

By Paul McBeth Sept. 26 (BusinessDesk) - New Zealanders are feeling less optimistic about the labour market with fewer people expecting a pay rise any time soon. The Westpac McDermott Miller employee confidence index fell 2.9 points to 114.5 in the September quarter, where a reading of 100 separates overall optimism from pessimism. The decline was driven in part by a net 27.5 percent of the 745 respondents in paid work expecting a pay rise in the coming year, the lowest level in three years, and down from 32.9 percent in June. "The l...

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