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Unemployment

The apparently contradictory nature of the latest labour market figures - showing rising unemployment, but very fast-rising wages - gives the RBNZ a whole lot to think about as it ponders its next Official Cash Rate review
3rd Aug 22, 3:09pm
77
The apparently contradictory nature of the latest labour market figures - showing rising unemployment, but very fast-rising wages - gives the RBNZ a whole lot to think about as it ponders its next Official Cash Rate review
Statistics New Zealand says the unemployment rate has risen to 3.3% from 3.2%, while private sector hourly wages have risen 7%
3rd Aug 22, 11:10am
108
Statistics New Zealand says the unemployment rate has risen to 3.3% from 3.2%, while private sector hourly wages have risen 7%
BNZ Interest Rate Strategist Nick Smyth explains how financial markets are behaving in a recessionary manner
31st Jul 22, 11:10am
59
BNZ Interest Rate Strategist Nick Smyth explains how financial markets are behaving in a recessionary manner
David Hargreaves assesses the possibilities and prospects ahead of the release of labour market data next week that will likely show the country's unemployment rate hitting a new low and the biggest rates of pay rises in well over a decade
31st Jul 22, 6:00am
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David Hargreaves assesses the possibilities and prospects ahead of the release of labour market data next week that will likely show the country's unemployment rate hitting a new low and the biggest rates of pay rises in well over a decade
BNZ economists see unemployment rate falling further and say unless there are soon signs 'the worm is turning' the RBNZ will have to contemplate 'a more aggressive interest rate track'
25th Jul 22, 3:07pm
39
BNZ economists see unemployment rate falling further and say unless there are soon signs 'the worm is turning' the RBNZ will have to contemplate 'a more aggressive interest rate track'
Capital Economics says several central banks around the globe will have to reverse course as their countries' economies either enter recession or teeter on the edge of it
25th Jul 22, 11:54am
76
Capital Economics says several central banks around the globe will have to reverse course as their countries' economies either enter recession or teeter on the edge of it
As our Official Cash Rate is being increased at never-before-seen speed, David Hargreaves tries to make sense of it all and the potential repercussions
21st Jul 22, 1:24pm
65
As our Official Cash Rate is being increased at never-before-seen speed, David Hargreaves tries to make sense of it all and the potential repercussions
David Hargreaves attempts to caution us against talking ourselves into a lingering economic downturn
12th Jul 22, 12:42pm
78
David Hargreaves attempts to caution us against talking ourselves into a lingering economic downturn
ANZ economists say rising wages and strong savings should prevent consumer spending falling rapidly though they do think consumption growth 'will slow to a crawl' from the second half of the year
7th Jul 22, 7:50am
28
ANZ economists say rising wages and strong savings should prevent consumer spending falling rapidly though they do think consumption growth 'will slow to a crawl' from the second half of the year
The latest research series from the RBNZ highlights just how urgent it is that we avoid the toxic combination of fast rising population, masses of cheap debt and constrained housing supply in future, David Hargreaves says
6th Jul 22, 8:21am
194
The latest research series from the RBNZ highlights just how urgent it is that we avoid the toxic combination of fast rising population, masses of cheap debt and constrained housing supply in future, David Hargreaves says
RBNZ research and modelling shows that actual housing allocations in New Zealand household balance sheets could have been even higher than already-large present levels
4th Jul 22, 1:18pm
78
RBNZ research and modelling shows that actual housing allocations in New Zealand household balance sheets could have been even higher than already-large present levels
RBNZ research shows higher population growth & larger drops in mortgage rates in NZ than most comparable countries, and the biggest rise in house prices
1st Jul 22, 8:03am
85
RBNZ research shows higher population growth & larger drops in mortgage rates in NZ than most comparable countries, and the biggest rise in house prices
RBNZ chief economist Paul Conway says there are reasons to think that some of the core market fundamentals that determine sustainable house prices may also be changing
30th Jun 22, 12:04pm
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RBNZ chief economist Paul Conway says there are reasons to think that some of the core market fundamentals that determine sustainable house prices may also be changing
It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%
30th Jun 22, 8:15am
151
It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%
David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches
25th Jun 22, 9:15am
5
David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches
As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective
21st Jun 22, 1:33pm
83
As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective
Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
21st Jun 22, 9:00am
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Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July
20th Jun 22, 12:13pm
60
ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July
Ex-RBNZ Deputy Governor and Acting Governor Grant Spencer says the RBNZ should've started increasing the OCR sooner to combat inflation, gives his outlook for inflation
17th Jun 22, 12:57pm
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Ex-RBNZ Deputy Governor and Acting Governor Grant Spencer says the RBNZ should've started increasing the OCR sooner to combat inflation, gives his outlook for inflation
[updated]
The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth
16th Jun 22, 10:54am
203
The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth
Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US
14th Jun 22, 2:12pm
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Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US
[updated]
Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%
14th Jun 22, 11:25am
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Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%
NZIER's latest consensus forecasts show GDP growth in future years of only about 2%, while inflation's expected to now be more persistent
13th Jun 22, 2:33pm
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NZIER's latest consensus forecasts show GDP growth in future years of only about 2%, while inflation's expected to now be more persistent
This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case
13th Jun 22, 10:16am
15
This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case
David Hargreaves sums up the first (nearly) six months of the year and outlines the big issues, hopes and worries for the rest of 2022
12th Jun 22, 6:00am
151
David Hargreaves sums up the first (nearly) six months of the year and outlines the big issues, hopes and worries for the rest of 2022