Calls started yesterday for the Reserve Bank to cut official
cash rates, or at least hold off any increases until next
year, after unemployment rose to 6.8% in the year ended
The 90-day trial period for workers appears to have had a
small but positive impact on job numbers for small and
medium-sized employers, research released yesterday says.
The Government is gambling the feel-good factor associated
with the Rugby World Cup should be enough for Prime Minister
John Key to lead National to another election win in
Salary and wage rates, including overtime, grew 1.7% in the
year to December, well short of inflation at 4%.
Otago-Southland employer representatives say the new Ministry
of Science and Innovation must look at a wide range of
industries if it wants to lift productivity in New Zealand.
Changes to address New Zealand's national savings problem
could be addressed as early as the Budget in May, Finance
Minister Bill English said yesterday.
Labour leader Phil Goff's proposed tax package was a big step
backwards, NZIER chief executive Jean-Pierre de Raad said
George Gould has resigned from the board of Pyne Gould
Corporation (PGC) to become group managing director of PGG
Wrightson, a move that could signal a change in direction for
Employment figures out this week are expected to point to a
continued improvement in the labour market after some wild
gyrations during the past year.
New Zealand Oil and Gas (NZOG) says it will do everything it
can to grow its business and rebuild shareholder value, but
it also says it will report a significant loss for the three
months ending December.
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