Unemployment is forecast to increase. The Government, however, has a goal of shifting a significant number of people off the Jobseeker Support benefit.
Tax cuts provide short-term relief, but if we are to become more prosperous and improve living standards, long-term productivity improvements are essential.
We have been shielded from high youth unemployment, but are we aligning with countries where high youth unemployment rates have been persistent for decades?
It looks like the worst of inflation may be behind us. The labour market is showing early signs of cooling down, oil prices have fallen, and OCR hikes seem to be working.
Have you ever wondered what your life would have looked like in another era? For migrant women, 1950s New Zealand would have been an incredibly inhospitable place.
While unemployment is low, wages are falling far behind inflation. This tight labour market is also a challenge for employers, as the brain drain continues.
Unemployment has fallen to very low levels during the time of COVID-19. Which groups in the population have benefitted the most? And can low unemployment last?
How has COVID affected NZ’s labour force? Despite the turmoil the pandemic has caused, there has been remarkable stability. But there are challenges ahead.
With the borders opened for citizens and residents young professionals will look elsewhere for better employment opportunities, as wages are stagnant at home.
High productivity growth can lift living standards greatly, but New Zealand’s record has been poor for decades. Will this begin to improve anytime soon?
The labour market is under stress, growing demand for labour combined with closed borders puts pressure on wages, but inflation is putting pressure on workers.