Subscribe today - find out more
Why you should consider BusinessDesk

Workers quitting to play the booming markets

Brian Gaynor
Sat, 20 Nov 2021

Workers quitting to play the booming markets
Serious labour shortages are developing in NZ with job vacancies picking up far more rapidly than after the GFC. (Image: Adobe Stock)
Brian Gaynor
Sat, 20 Nov 2021
Labour markets are tightening for several reasons, including the impact of covid-19 and buoyant financial markets.This could have serious implications for labour costs, inflation and interest rates in the months ahead.The US Labor Department reported last week that 4.4 million workers quit their jobs in September, on top of 4.3 million leaving in August and 4 million in July.The US workforce is attracting new entrants but there were 10.4 million job openings at the end of September, compared with about 7.5 million unfilled jobs prior to covid-1...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Click & collect: Bunnings doubles profits to $52m
Brent Melville | Thu, 02 Dec 2021

Building supplies group Bunnings had a good year, with net income more than doubling on the strength of a resurgent construction and DIY market.

'It's a breach': Vax pass data data storage concerning for Māori
Henry Burrell | Thu, 02 Dec 2021

There is a concern for the offshore storage of covid vaccine data and national awareness of vaccine passes.  

Businesses', banks' views on credit availability diverge
Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct. 

Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.