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NZ: Employment Confidence Index rose to 121.three within the Dec quarter – Westpac

Michael Gordon, senior economist at Westpac, notes that the New Zealand’s Westpac-McDermott Miller Employment Confidence Index rose strongly to 121.three within the December 2018 quarter, reaching its highest stage since March 2008.

Key Quotes

“Confidence within the labour market rose strongly in December, reaching its highest stage since early 2008.”

“Households’ perceptions of job alternatives have continued to rise, as demand for staff has remained sturdy and the pool of unemployed jobseekers has fallen.”

“Employment confidence rebounded in Auckland and Waikato, and stays notably excessive in Gisborne/Hawke’s Bay and Southland.”


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