Falling Inflation Reflects a Falling Economy
Data released by Stats NZ today showed inflation slowed to an annual rate of 2.2%, reflecting lower petrol prices and a weaker economy, said NZCTU… Read More »Falling Inflation Reflects a Falling Economy
Economy
Accounts show Government choosing pain over a plan
“The Government accounts released today show that spending and debt continues to grow under the current Government, but there is no plan to deliver a… Read More »Accounts show Government choosing pain over a plan
OCR decision a welcome relief for working people
NZCTU Te Kauae Kaimahi Economist Craig Renney said the decision by the Reserve Bank to cut the official cash rate by 50 basis points (0.5%)… Read More »OCR decision a welcome relief for working people
Gender Pay Gap Not Closing
Evidence released by the NZCTU Te Kauae Kaimahi today shows that the gender pay gap is not closing quickly enough. “Calculations of official data show… Read More »Gender Pay Gap Not Closing
GDP numbers show economic worries are real and need a solution
Data released by Stats NZ today showed that the size of the economy fell -0.2% in the June Quarter. CTU Economist Craig Renney said “GDP… Read More »GDP numbers show economic worries are real and need a solution
Millions Wasted on Treaty Principles Bill
Calculations undertaken by the NZCTU Te Kauae Kaimahi show that the Government will have wasted millions of dollars to take the already failed Treaty Principles… Read More »Millions Wasted on Treaty Principles Bill
Reserve Bank Forecasts a year of recession and higher unemployment
The Reserve Bank is forecasting a year of recession and higher unemployment, which is bad news for workers, said CTU Economist Craig Renney. “In cutting… Read More »Reserve Bank Forecasts a year of recession and higher unemployment
Unemployment increase demands a plan from Government
New data shows the unemployment rate accelerating to 4.6%, and worrying labour market trends that should spur the Government into action, according to the NZCTU… Read More »Unemployment increase demands a plan from Government
Inflation data shows cost-of-living challenges continue
Data released by Statistics New Zealand today shows that annual inflation was 3.3%, falling from by nearly half from a year ago (6% – June… Read More »Inflation data shows cost-of-living challenges continue
Axing of Pay Equity Taskforce will entrench inequities for working women
The NZCTU Te Kauae Kaimahi is deeply disappointed by confirmation of the Public Service Commission that the Pay Equity Taskforce will be disestablished. “The disestablishment… Read More »Axing of Pay Equity Taskforce will entrench inequities for working women
GDP data camouflages economic weakness
Data today released by Statistics New Zealand shows that the economy grew by just 0.2% annually, showing stalled growth and weak demand. There has now… Read More »GDP data camouflages economic weakness
Unemployment data shows need for the Government to act now
NZCTU Economist Craig Renney said new data released by Statistics New Zealand shows the need for Government to act now, with unemployment rising from 3.4%… Read More »Unemployment data shows need for the Government to act now