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5 Dec 2025 4:50
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      Home > News > Business

    Confidence in the labour market is shrinking

    Confidence in the labour market is shrinking


    The Westpac-McDermott Miller index shows employment confidence has reached its lowest level since mid-Covid - in September 2020.

    It fell in four of 11 regions - including the biggest jobs market - Auckland.

    Westpac senior economist, Michael Gordon, says businesses are advertising fewer jobs.

    He says some are just looking for more specialist roles and others are overstaffed after keeping workers through the downturn.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Dec: New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination
     04 Dec: IKEA's presence in New Zealand - may give local retailers a needed wake-up call
     04 Dec: An IKEA opening in New Zealand - could signal economic success
     04 Dec: Air New Zealand's confident a strike a week out from Christmas, won't need to go ahead
     04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland
     04 Dec: New vehicle sales are gradually turning a corner
     04 Dec: Property values appear to be remaining in a holding pattern
     Top Stories

    RUGBY RUGBY
    All Blacks skipper Scott Barrett is relaxed about a possible quarter-final meeting with the Springboks at the 2027 World Cup More...

    BUSINESS BUSINESS
    New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination More...


     Today's News

    		 Cricket:
    Rachin Ravindra and Tom Latham have posted New Zealand's highest third-wicket batting partnership against the West Indies to dominate the third day of the opening cricket test in Christchurch 4:37

     Business:
    New Zealand Food Safety has recalled some flavours of Tom and Luke brand Snacka Balls due to hard plastic contamination 21:57

     Entertainment:
    The Prince and Princess of Wales have congratulated Robert Irwin on his Dancing With the Stars win 21:36

     Accident and Emergency:
    A section of State Highway 35 through Bay of Plenty is fully closed following a serious two-vehicle crash 21:17

     Politics:
    Condoms and contraceptives to become more expensive in China as Beijing accelerates push to lift birth rate 21:07

     Entertainment:
    Taylor Swift and Hugh Jackman were allegedly present during a confrontation between Ryan Reynolds and Justin Baldoni 21:06

     Entertainment:
    Khloe Kardashian wants to swap lives with Kylie Jenner because she lives "in a fairytale" 20:36

     Entertainment:
    Celine Dion has urged her fans to "take a deep breath" in a Thanksgiving message 20:06

     Entertainment:
    Kim Kardashian has felt like "snapping" over her ex-husband Kanye West's comments about her 19:36

     Entertainment:
    Pope Leo has warned that the "future of humanity is at stake" amid wars around the globe 19:06

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