The pandemic may have played a part in what seems to be soaring labour productivity in New Zealand.

Stats NZ data shows in the year ended March 2022, productivity rose 2.2 percent, the fastest rate in over a decade.

This comes in a tight labour market with unemployment sitting at 3.4 percent.

Iron Duke Partners Managing Director Phil O'Reilly told Mike Hosking the rise may be a flow-on effect of Covid - as the Auckland and Delta lockdown took place in March 2021.

He says he would like to see the productivity gain held onto next year, but doubts that will happen.

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The pandemic may have played a part in what seems to be soaring labour productivity in New Zealand.
Stats NZ data shows in the year ended March 2022, productivity rose 2.2 percent, the fastest rate in over a decade.
This comes in a tight labour market with unemployment sitting at 3.4 percent.
Iron Duke Partners Managing Director Phil O'Reilly told Mike Hosking the rise may be a flow-on effect of Covid - as the Auckland and Delta lockdown took place in March 2021.
He says he would like to see the productivity gain held onto next year, but doubts that will happen.
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.