NZ: Gradual climb continues in Employment Confidence Index – Westpac

The Westpac-McDermott Miller Employment Confidence Index for NZ economy continued its gradual climb in the March quarter, rising two points to 115.9, which marks another new high point since late 2008, when the Global Financial Crisis was in full swing, explains Michael Gordon Senior Economist at Westpac.

Key Quotes

“Perceptions of earnings growth and job security strengthened over the last quarter. However, job opportunities were seen to be a bit thinner on the ground.”

“Earnings growth has yet to show a clear upward trend, even as the labour market has tightened in recent years.”