Auckland is New Zealand’s engine and is expected to outperform the national economy over the next four years, according to Infometrics Regional Perspectives report released today. The Infometrics Regional Perspectives report provides an outlook for economic conditions in New Zealand’s regions and industries over the next four years.
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According to our Boho measure of creativity, we take a look at which is New Zealand’s most creative city? The Boho measures the proportion of a city’s workforce that is involved in creative and artistic occupations and industries. Professor Richard Florida popularised the Boho measure and argued that a vibrant artistic community is a necessary condition to attract talented people to fuel the knowledge economy.
The Living Wage is heralded as “the income necessary to provide workers and their families with the basic necessities of life. A living wage will enable workers to live with dignity and to participate as active citizens in society.” However, beyond the ideological hype, the following questions remain;
Workforce scanning and development is a key role that Industry Training Organisations (ITOs) undertake. Skills Active Aotearoa, the ITO for the recreation, sport and exercise industries released a comprehensive Workforce Scan late last year. The workforce scan was led by Maren Frerichs, General Manager of Industry Engagement at Skills Active. Shaun Twaddle, Infometrics Director, had a chat with Maren to find out why they put together the workforce scan and how they went about it.
2016 was a ground-breaking year for domestic aviation, with competition heating up following the launching of Jetstar regional services. Growth was particularly strong in Jetstar’s four new regional destinations – Napier, New Plymouth, Palmerston North, and Nelson. The big question is where will Jetstar fly to next?
Queenstown-Lakes District was New Zealand’s top performing territorial authority during 2016, with employment expanding by a stonking 10.3% over the March 2016 year. This growth was almost four times the 2.7% rate of employment expansion seen nationally, and well above the 5.9% employment growth recorded by second-placed Western Bay of Plenty District. This article reveals more about Queenstown’s stellar year, along with a sneak peek at Infometrics’ 2016 Regional Economic Profile (official release: February 28) to see which other places also had rapid employment growth.
The New Zealand economy has entered 2017 in good spirits, with Infometrics’ latest forecast predicting GDP growth over the three years to June 2019 will average more than 3.0%pa. However, Infometrics Chief Forecaster Gareth Kiernan believes the solid outlook for growth masks several risks that hang over the economy.
This month we continue our series of economist interviews with a chat to Nigel Pinkerton. With a background in economics, Nigel now concentrates on developing technologically innovative ways of delivering our services to clients. Nigel is another of our staff who has chosen to live and work away from our main offices in Wellington, and when he is not developing our web-interfaces or building our data systems, he can be found in a pair of gumboots, farming his lifestyle block in Te Awamutu.
In December 2016, the White House released a report investigating the potential risks and consequences of artificial intelligence and automation technology. A short case study within this report describes the number of US jobs at risk from self-driving technology.
The New Zealand economy entered 2017 in fine fettle. Despite dairy prices at GlobalDairyTrade auctions having fallen 3.8% since their early December level, the price index is up a massive 66% from its low point in the first quarter of 2016, with whole milk powder prices having risen 77% over the same period. Both price measures hit 2.5-year highs earlier in December.