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4 Jul 2025 18:23
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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 Jul: Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs
     04 Jul: Bad weather in the Tasman District has negatively affected spending - but also brought a a spike in sales of particular items
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
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    BUSINESS BUSINESS
    Indonesia to sign $52.3b trade pact with US in effort to avoid higher tariffs More...


     Today's News

    		 Living & Travel:
    Disaster prediction in manga comic book The Future I Saw blamed for fall in tourists to Japan 18:17

     Motoring:
    Kiwi Formula One driver Liam Lawson is keeping his foot on the pedal heading into this weekend's British Grand Prix at Silverstone 18:07

     Entertainment:
    Rosie O'Donnell has hit out at the "gross excess" of Jeff Bezos and Lauren Sanchez's wedding 18:06

     Entertainment:
    Susan Sarandon is "terrified but excited" to be making her UK stage debut later this year 17:36

     Law and Order:
    Auckland Police say four prolific shoplifters who racked up more than 17-thousand dollars in unpaid groceries - will face the courts 17:27

     Entertainment:
    Keke Palmer's interview with Jonathan Majors was axed because it was deemed "insensitive" 17:06

     Law and Order:
    Police and Customs have foiled a Waikato operation importing and selling fantasy drugs 16:57

     Entertainment:
    King Charles has decided to retire the Royal train 16:36

     Motoring:
    F1 British Grand Prix: When does the race start and how to follow? 16:17

     Soccer:
    Well-travelled All Whites midfielder Sarpreet Singh is heading to Serbia to play his club football 16:17

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