Unemployment
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
90
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
[updated]
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
10th Feb 25, 1:35pm
65
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
[updated]
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
5th Feb 25, 10:58am
159
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
2nd Feb 25, 6:30am
123
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
30th Jan 25, 10:01am
108
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
29th Jan 25, 12:26pm
96
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking
28th Jan 25, 11:27am
11
Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
28th Jan 25, 10:25am
25
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
15th Jan 25, 10:28am
2
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
15th Jan 25, 9:34am
132
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024
13th Jan 25, 11:32am
32
Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024
NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter
17th Dec 24, 12:01pm
21
NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter
Ahead of the Half Yearly Economic and Fiscal Update (HYEFU), Brian Easton looks at economic prospects - particularly in respect to unemployment and the fiscal position
16th Dec 24, 8:52am
Ahead of the Half Yearly Economic and Fiscal Update (HYEFU), Brian Easton looks at economic prospects - particularly in respect to unemployment and the fiscal position
David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters
15th Dec 24, 6:30am
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David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters
David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways
14th Dec 24, 9:40am
46
David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways
David Hargreaves sums up a year notable for getting inflation under control - but at great cost to the economy
8th Dec 24, 6:30am
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David Hargreaves sums up a year notable for getting inflation under control - but at great cost to the economy
Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long
3rd Dec 24, 8:25am
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Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long
Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
2nd Dec 24, 11:49am
15
Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
[updated]
Latest Statistics NZ figures show there are over 35,500 fewer filled jobs in the country than a year ago
28th Nov 24, 11:38am
26
Latest Statistics NZ figures show there are over 35,500 fewer filled jobs in the country than a year ago
[updated]
The Reserve Bank cut rates as expected but surprised the markets with a relatively 'hawkish' view of any future reductions in the OCR
27th Nov 24, 2:09pm
170
The Reserve Bank cut rates as expected but surprised the markets with a relatively 'hawkish' view of any future reductions in the OCR
Unemployment rate climbs to its highest rate since December 2020 as businesses shed jobs and more people withdraw from the labour market
6th Nov 24, 10:53am
60
Unemployment rate climbs to its highest rate since December 2020 as businesses shed jobs and more people withdraw from the labour market
Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
3rd Nov 24, 7:00am
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Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
31st Oct 24, 5:00am
16
Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
29th Oct 24, 11:28am
30
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
21st Oct 24, 2:22pm
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BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist