|Wages & Employment Up
Unlike their cousins across the Tasman, New
Zealand workers have seen strong wage growth, with the biggest pay rise in a
decade recently recorded. According to Statistics New Zealand, average hourly
earnings have increased 4% over the past year to $32.37 an hour, which is the
biggest annual percentage increase since June 2009. The seasonally adjusted
unemployment rate also fell in the June quarter from 4.2% to 3.9%, with the
under-utilisation rate also dropping from 11.3% to 11%.