The NZCTU actively works with its affiliates to build a high-wage, high-skill, low-carbon economy in which good work is available to all.
For decades, Aotearoa New Zealand has underinvested in our people and infrastructure, and workers have been denied their fair share of economic growth.
The NZCTU’s policy work focuses on how Aotearoa New Zealand can address its major economic challenges of low wages, climate change, and infrastructure, and how we can build a productive economy in which all workers thrive.
Latest Economy News
- GDP Figures No Christmas Present for New Zealand
Data released by Statistics New Zealand today showed a significant slowdown in the economy over the past six months, with GDP falling by 1% in September, and 1.1% in June… Read More »GDP Figures No Christmas Present for New Zealand - HYEFU and BPS data shows New Zealand is way off track
New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney.… Read More »HYEFU and BPS data shows New Zealand is way off track - NZCTU open letter to Treasury on undue restrictions on restricted briefings
Iain Rennie, CNZMSecretary and Chief Executive to the Treasury Dear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council… Read More »NZCTU open letter to Treasury on undue restrictions on restricted briefings - Submission on the NZ Post Deed of Understanding 2024 review
Postal services enable individuals, businesses, and communities to build and maintain social connections, and to participate economically, culturally, and politically. The NZCTU is concerned that the proposed changes in this… Read More »Submission on the NZ Post Deed of Understanding 2024 review - RBNZ data highlights weak economy and labour market
“Unemployment is forecast to remain elevated until the end of 2025 and isn’t expected to fall back to its pre-recession lows within the forecast period. Without a plan to reduce… Read More »RBNZ data highlights weak economy and labour market - Monthly Employment Data shows weakness in economy
Monthly employment data released today by Statistics New Zealand showed our continuing labour market weakness, and particularly challenging conditions for young working people, said NZCTU Te Kauae Kaimahi Economist Craig… Read More »Monthly Employment Data shows weakness in economy
Economic Bulletin
The Economic Bulletin provides a worker’s perspective on the New Zealand economy. In each issue, we analyse the latest economic data, examine trends in the New Zealand economy, and discuss policies that will improve outcomes for working people.
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Previous Issues
- Economic Bulletin December 2024
Welcome to the December 2024 Economic Bulletin. We have two monthly features in this edition. In the first, we discuss what the Half Year Economic and Fiscal Update from Treasury… Read More »Economic Bulletin December 2024 - Economic Bulletin October – November 2024
Welcome to the October/November 2024 Economic Bulletin. In our monthly feature we look at the current state of the labour market, how it has changed since 2022, and how it… Read More »Economic Bulletin October – November 2024 - Economic Bulletin August/September 2024
Welcome to the August/September 2024 Economic Bulletin. In our monthly feature we provide an analysis of the gender pay gap in New Zealand for 2024. The mean gender pay gap… Read More »Economic Bulletin August/September 2024 - Economic Bulletin July 2024
Welcome to the July 2024 Economic Bulletin. In our monthly feature we discuss the child poverty reduction targets announced by the government recently. Under the Child Poverty Reduction Act 2018,… Read More »Economic Bulletin July 2024 - Economic Bulletin June 2024
Welcome to the June 2024 Economic Bulletin. In our monthly feature we compare the current, ‘post-COVID’, recession to the other significant recessions of the last three-and-a-half decades: the 1991-92 recession,… Read More »Economic Bulletin June 2024 - Economic Bulletin May 2024
Welcome to the May 2024 Economic Bulletin. In our monthly feature we look at the coalition government’s first Budget, and what it means for working people. We break down what… Read More »Economic Bulletin May 2024
Budget 23
This is a Budget written in the shadow of an election that will likely define Aotearoa New Zealand for decades to come. It is also a Budget written against the backdrop of inflation, the climate crisis, and other profound challenges for our country.
Budget 2023 shows that the government’s accounts are in a strong position and that our short-term economic position is relatively robust. Much of this Budget is set to ease inflation, with 79% of total costs used just to keep the lights on – against 69% last year and around 50% historically. Government is making some highly targeted investments that will ease cost-of-living pressures, improve living standards for lower-income households, and support science and innovation.
However, government is still hiding behind fiscal indicators instead of delivering the kinds of transformational change that we need. Aotearoa New Zealand should be moving the structural levels of taxation and spending to those we see in the countries that we compare ourselves to.
Policy Topics
