NZ's labour productivity dips on strong jobs market

Tue, 21 Mar 2017

By Rebecca Howard March 22 (BusinessDesk) - New Zealand's labour productivity fell 0.7 percent in the year to March 2016 bolstered by the strong labour market as waves of migrants look for work. Labour productivity fell as inputs rose 3.3 percent, outstripping outputs, which were up 2.6 percent, Statistics New Zealand said. The department noted that the 0.7 percent slide was "markedly lower" than the current incomplete cycle average (2008-2016) of a 0.7 percent increase and the long-term average of 1.3 percent growth. Bank of New Zealand...

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