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Unemployment plunges to 4 per cent - biggest quarterly fall in 35 years Employers are reporting skills shortages across the economy. (Photo / 123RF) Unemployment plunges to 4 per cent - biggest quarterly fall in 35 years Wed, 4 Aug 2021, 10:57AM The number of people unemployed in New Zealand has been dropping by more than 1000 a week in recent months, with an extremely tight labour market pushing employers to up pay to keep staff. Statistics New Zealand revealed today that in the three months to June 30, the unemployment rate fell to 4 per cent, from 4.6 per cent at the en...

Press Release – Statistics New Zealand Prices paid by electricity and gas supply producers rose 28.7 percent in the March 2021 quarter, while prices they received for production increased 17.4 percent, Stats NZ said today. Lower lake levels in the South Island have driven up wholesale … Prices paid by electricity and gas supply producers rose 28.7 percent in the March 2021 quarter, while prices they received for production increased 17.4 percent, Stats NZ said today. “Lower lake levels in the South Island have driven up wholesale prices for electricity generation, while an unexpected f...

2021-05-19 08:35:24 GMT2021-05-19 16:35:24(Beijing Time) Xinhua English WELLINGTON, May 19 (Xinhua) -- Wholesale power prices paid by electricity and gas suppliers rose 28.7 percent in the January-March quarter of this year, New Zealand's official data agency Stats NZ reported on Wednesday. "Lower lake levels in the South Island have driven up wholesale prices for electricity generation, while an unexpected fall in production at the Pohokura gas field has seen gas supply prices also increase," business prices delivery manager Bryan Downes said in a statement. "The quarterly price chang...

“In general, electricity retailers do not pass on wholesale pricing to households unless they are on a spot price contract,” he said. Other reasons for the differences included transmission charges, demand from industrial users responding to peak-hour pricing, and companies hedging to manage the volatility in prices. PARLIAMENT TV Energy Minister Megan Woods told Parliament last month she was taking the situation in the electricity market very seriously. While manufacturers were not paying as much as generators, many power users have also expressed concern about the prices and their re...

The department's business price delivery manager Bryan Downes said it was not unexpected. “We’ve recently seen average wages in the construction industry increase, increases in the number of people employed in the construction industry, as well as near-record levels of residential building consents.'’ Supplied Kelvin Davidson: People are turning to building a home because there are few to buy. Some of the price rises were potentially due to shipping congestion, the chief executive of PlaceMakers, Bruce McEwen, said. “Many industries in New Zealand are experiencing supply chain and...