Press Release – New Zealand Council of Trade Unions The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis. “Todays figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. …
The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.
“Today’s figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. People working in both the public and private sectors experienced wage increases as measured by the Labour Cost Index of 1.6% – which means that in real terms their wages were flat. As the economy recovers from COVID-19, we should be making sure that all working people are benefitting from that recovery,” said CTU Economist and Director of Policy Craig Renney.
Date Time
Unemployment statistics – COVID-19 recovery still uneven
The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.
“Today’s figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. People working in both the public and private sectors experienced wage increases as measured by the Labour Cost Index of 1.6% – which means that in real terms their wages were flat. As the economy recovers from COVID-19, we should be making sure that all working people are benefitting from that recovery,” said CTU Economist and Director of Policy Craig Renney.
Press Release – New Zealand Council of Trade Unions The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis. “Todays figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. …
The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.
“Today’s figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. People working in both the public and private sectors experienced wage increases as measured by the Labour Cost Index of 1.6% – which means that in real terms their wages were flat. As the economy recovers from COVID-19, we should be making sure that all working people are benefitting from that recovery,” said CTU Economist and Director of Policy Craig Renney.
Unemployment falls to 4.7 per cent - lower than expected
(Photo / Getty) Wed, 5 May 2021, 5:52PM
The unemployment rate has fallen to 4.7 per cent in the March 2021 quarter, from 4.9 per cent in the last quarter of 2020, according to new figures from Stats NZ.
It continues its fall from its recent peak of 5.2 per cent in the September 2020 quarter.
Pandemic uncertainties had ensured a mix of forecasts by economists but the latest number is lower than most expected.
ASB economists were forecasting unemployment would fall slightly back to 4.8 per cent (from 4.9).
Westpac and BNZ saw it holding at 4.9 per cent and ANZ was forecasting an uptick to 5.1 per cent.
Statistics Finland
Private sector cost of an hour worked decreased by 1.2 per cent
in October to December year-on-year
According to Statistics Finland, private sector
labour costs decreased by 1.2 per cent in October to December 2020
when compared with the respective period of the year before.
Seasonally adjusted labour costs went down by 0,6 per cent in
October to December 2020. There was one more working day in the
fourth quarter of 2020 than in the corresponding period of 2019. In
the Labour Cost Index, an increase in the number of working days
usually has a decreasing effect on costs.
Year-on-year change in labour costs in the private