New Zealand's job market confidence falls to 2020 low, Employment Confidence Index drops to 89.2.

A Westpac-McDermott Miller survey indicates that confidence in New Zealand's job market has fallen to its lowest level since 2020, with the Employment Confidence Index decreasing from 91.4 to 89.2. This decline reflects a worsening perception of job availability amid an economic slowdown, with expectations of a 5% unemployment rate for the September quarter. Job losses and reduced vacancies are central to this diminished confidence, particularly in Auckland and other regions.

September 23, 2024
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