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Labour market
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Labour market

Annual net migration reached a new record high of almost 129,000 people in the year to October, despite net departures of NZ citizens surpassing the previous biggest outflow that occurred in the wake of the 2011 Christchurch earthquake. The influx of migrants is creating renewed demand pressures in ... Read


Black and Gray Laptop Computer Turned on Doing Computer Codes

The Monthly Employment Indicators published by Stats NZ are a valuable addition to the suite of employment measures in New Zealand. This article outlines how Infometrics is utilising this valuable data source to enhance our regional products. Read


Record high net migration over the past year has been a lifeboat for New Zealand’s economic growth, dominating recent trends in employment, housing demand, and demography. Quarterly net migration is now beginning to soften from its early 2023 peak as migrant arrivals grow slower, and departures from New Zealand accelerate. Read


Auckland-Britomart-2022-People-Walking

Infometrics has recently added a new section to our Regional Economic Profile which explores the Pacific Peoples population and their role in regional labour markets. This article outlines the growing significance of New Zealand’s Pacific Peoples population in the context of broader demographic shifts. Read


Silhouette of Builders

The labour force participation rate is a measure of the adult population’s engagement in the labour market. Here we look at how the participation rate of young men has changed since the 1950's. Read


Woman looking for job in newspaper

The tightness of the labour market in recent years has seen higher levels of reported poaching of talent, as businesses competed for workers. Anecdotally, we have been hearing from employers that worker headhunting and poaching are becoming less commonplace. But does the data support this? Read


Annual inflation may have come down to 6.0%pa, but businesses and households alike are still facing extreme cost pressures. A massive influx of migration and a high number of people returning to work has helped to alleviate some labour market pressures, and yet some underlying wage measures are stil... Read


Looking Up In Auckland Jul-2023 Brad Olsen

Economic momentum continues to hold up better than expected across New Zealand, with rapid jobs growth and population growth counterbalancing inflation and interest rate challenges faced by households. Some parts of the country continue to experience solid growth, but others remain hampered by the ongoing effects of wild weather over the first half of 2023. Read


Has the Reserve Bank done enough in its battle to bring inflation back under control? Data over the last month has been inconclusive about whether demand is softening sufficiently to limit the ability to raise prices at pace. Headline inflation has been trending in the right direction since the end of last year, easing from 7.2% to 6.0%pa, but prices are still increasing at twice the rate the Bank is aiming for. And there must still be concerns that the tail of domestic price pressures is going to hang around for some time yet. Read


Elderly people

New Zealand’s workforce continues to age, raising questions about whether there will be sufficient workers in the future to meet the economy’s needs. But changes in life expectancy have shifted working patterns for people over time, and it’s clear that more people are working longer. Read