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

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

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...