New Zealand’s unemployment rate is expected to reach 5.1% for the December quarter, marking a four-year high as the job market continues to feel the effects of a slow economy.
Despite signs of economic recovery, the labour market lags behind, with an estimated 30,000 jobs lost over the past year due to government restructuring and industrial layoffs.
A drop in job advertisements and some young workers opting for further education instead of job-hunting have cushioned a sharper rise in unemployment.
Meanwhile, wage growth has slowed to around 3%, a stark contrast to the ‘pandemic’-driven increases, as job security now outweighs salary demands.
Economists predict a slow recovery until lower interest rates boost household confidence and spending and business activity, with the Reserve Bank expected to cut the official cash rate to 3.75% this month.
Image credit: Getty Images
Wellington: Quick, import 100,000 more people!!
Importing 100,000 deliberately selected citizens from compatible and socially the same from Canada, the UK, Australia and US is a good thing. Far better to have a happy, well-behaved employable citizens than the forever dependant yet able layabouts on the taxpayer’s payroll.
NZ in the vice like grip of social narcosis, gripped by globalists and locked into corporate techno fascism and genetic engineering , racing toward a destiny of destitution, depopulation and ‘deindustrialisation’ courtesy of the 2035 UNEP / United Nations Framework Convention on Climate Change (UNFCCC) commitment made by Simon Watts to pay $billions in pointless virtue signalling “carbon” credits.
National suicide is the name, globalism is the game.
Cudos on such concise analyses.
I wonder at what stage the people will understand what’s been done to them?
https://youtu.be/FM8jxlD_cQ8
lynette zang. Follow her advice
Super is going to be going under the microscope too
Some people will not be able to retire
Covid has failed to kill enough pensioners