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Economy analysis

Worker shortages bite hardest in low wage industries

Andy Fyers
Fri, 23 Jul 2021

The hospitality industry is heavily reliant on temporary migrant workers (Image: Deposit Photos)
Andy Fyers
Fri, 23 Jul 2021
Demand for labour has surged in recent months, with online jobs ads up by more than 33% since February.Compared to the same month in 2019, demand for workers is now 50% greater.Once the nationwide lockdown lifted in the middle of 2020, job ads online – as measured by MBIE's Jobs Online Index – slowly returned to pre-pandemic levels.But in the past few months, demand has surged past levels recorded before the pandemic.There were between 20% and 25% more jobs online in March, April and May relative to the same month in 2019 and th...

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America's Cup
Not dead yet: Auckland's America's Cup dream
Pattrick Smellie | Fri, 24 Sep 2021

Reports of the death of Mark Dunphy's bid to keep The America's Cup in Auckland may prove premature, although events this week suggest CPR may be required.

Listed Companies market close
Pacific Edge up 6%; while index dips
Dan Brunskill | Fri, 24 Sep 2021

The NZX 50 index fell as its biggest stock, Fisher & Paykel Healthcare, fell 3.1% back towards its average price of $32 per share.

Markets
Retirement villages operate like 'quasi-Ponzi schemes'
Jenny Ruth | Fri, 24 Sep 2021

Retirement village residents' association claims the rule to get legal advice before signing a contract doesn't protect residents – and is used against them.

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