Confidence in the labour market is shrinking, according to new reports.

The Westpac-McDermott Miller index shows employment confidence has reached its lowest level since mid-Covid - in September 2020.

It fell in 4 out of 11 regions - including the biggest jobs market - Auckland.

Westpac senior economist, Michael Gordon, says businesses are advertising fewer jobs.

He explained some are just looking for more specialist roles and others are overstaffed after keeping workers through the downturn.

LISTEN ABOVE

Confidence in the labour market is shrinking, according to new reports.
The Westpac-McDermott Miller index shows employment confidence has reached its lowest level since mid-Covid - in September 2020.
It fell in 4 out of 11 regions - including the biggest jobs market - Auckland.
Westpac senior economist, Michael Gordon, says businesses are advertising fewer jobs.
He explained some are just looking for more specialist roles and others are overstaffed after keeping workers through the downturn.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Michael Gordon: Westpac senior economist on the declining confidence in the labour market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/feaff984-dbeb-4b58-96c2-b2ab0053b18c/transcript