Today’s Wellbeing Budget is a significant departure from previous budgets. Finance Minister Grant Robertson has laid out an ambitious spending plan for the economy based around the government’s five wellbeing priorities. The test will be how achievable this plan is.
New Zealand’s labour market remains tight, with unemployment at 4.2% and businesses finding it difficult to source workers. At the same time, employment growth has slowed, and the Reserve Bank has stated that, in its view, “employment is near its maximum sustainable level”.
Kiwis have overwhelmingly supported the government’s plastic bag ban, which will kick in mid-2019. The ban presents the wider packaging sector of 50,000 workers with an opportunity to retool and grow itself as consumers increasingly look for more environmentally friendly options.
Infometrics welcomes Rob Heyes as their newest senior economist. Rob joins Infometrics from MBIE, where he led research projects on migration trends and was the New Zealand representative to the OECD Migration Expert Group. Rob has a deep knowledge of labour markets and skills and works with our regional and sector clients.
We chat with Rob about what a day in the life of an economist looks like…
Replacing retiring baby boomers will cause headaches for Northland employers over the coming decade, but a large cohort of young Māori represent a key labour market opportunity.
By now it must feel like we are starting to beat a dead horse covering the shortcomings of the government’s tertiary education policies. However, every month new data continues to be released which strengthens our position even more. The current system appears to be slowly failing, and fees-free has done next to nothing to save it. If we want to improve tertiary education outcomes in New Zealand, the sector requires adjustments to the system beyond lowering the costs for students.
Infometrics is pleased to announce the release of our eagerly awaited Megatrends Report “From education to employment: Megatrends affecting NZ’s working environment ”.
Gareth Kiernan of Infometrics talks to Liam Dann about the Infometrics Megatrends report.
Infometrics’ comprehensive regional forecasting model shows that between 2018 and 2022 there will be 600,000 jobs that need to be filled due to new job growth or replacement demand (people moving roles that need to be replaced).
The tertiary education sector took a swift turn to the left in late 2017, as highlighted earlier this year with the implementation of the fees-free tertiary education policy. Half a year on, and what has the policy got to show for itself? A lot of money spent, not much change to student numbers, and a complete lack of targeting skills needs.