Jobs plentiful in New Zealand: Survey

Jobs


Wellington, Sep 28 : The New Zealand Westpac McDermott Miller Employment Confidence Index (ECI), released on Wednesday, rose by 6.7 points to 115.2 in the third quarter, the highest level for the index since June 2019. Perceptions about job opportunities remain the strongest aspect of the survey, said Michael Gordon, acting chief economist for Westpac, one of New Zealand's major bank, reports Xinhua news agency. "This likely reflects the high degree of churn among existing roles, even as outright growth in employment has stalled," Gordon said. More households reported a lift in earnings over the last year, he said. However, this measure remained well below pre-Covid-19 levels. Expected growth in earnings has also remained subdued. Official labour market data shows a strong lift in wage and salary growth in the last year, Gordon noted. "However, that's happened at the same time that the cost of living has soared. The survey results may reflect a feeling among households that they've been running to stand still." "Private sector employees are much more concerned about their future job opportunities as well as their personal job security over the coming year, while public sector employees are buoyant with a positive view of both their current employment conditions and their expectations for the future," said Imogen Rendall, Market Research Director of McDermott Miller Limited. /IANS




Related

UNESCO launches event in Italy to defend oceans, promote responsible consumption
Rome, Nov 27 : Under the motto "Blue is the new Black," a two-day event of UNESCO took place in the lagoon city of Venice in Italy, aimed at promoting

'Work on India's first-ever Night Sky Sanctuary in full swing'
New Delhi, Nov 25 : The work on India's first-ever Night Sky Sanctuary, being set up by CSIR under Union Ministry of Science & Technology, in Ladakh's

Covid blues over as 1.34 crore domestic tourists come calling to Kerala
Thiruvananthapuram, Nov 25 : Kerala saw a record-setting surge in domestic tourist arrivals in the first three quarters of the current year as compare