Unemployment
Westpac McDermott Miller Employment Confidence Survey shows lowest levels of confidence since the immediate aftermath of the first Covid lockdown in 2020
25th Mar 25, 9:03am
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Westpac McDermott Miller Employment Confidence Survey shows lowest levels of confidence since the immediate aftermath of the first Covid lockdown in 2020
Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
24th Mar 25, 2:42pm
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Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'
20th Mar 25, 10:57am
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After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'
Patrick Watson of Mauldin Economics says talk of a US recession is now everywhere having seemed unlikely three months ago
19th Mar 25, 9:59am
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Patrick Watson of Mauldin Economics says talk of a US recession is now everywhere having seemed unlikely three months ago
NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year
17th Mar 25, 2:18pm
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NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year
After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far
16th Mar 25, 6:30am
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After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far
Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors
11th Mar 25, 11:50am
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Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors
A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope
7th Mar 25, 5:00am
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A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope
New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
28th Feb 25, 11:55am
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New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
[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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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