Articles tagged with Business Confidence
NZ Labour Market Q2: Rising Unemployment Spurs Focus on Growth & Investment
2 weeks ago | 200 viewsFinance Minister Nicola Willis acknowledges the second quarter was challenging for New Zealand's labour market, with rising costs and uncertainty causing employers to pause hiring, resulting in a 5.6% unemployment rate. The government is focusing on policies to boost economic growth and business confidence, including support for tourism, international education, major construction projects, infrastructure investment, and the Investment Boost initiative. These measures aim to encourage employers to invest and expand, fostering long-term job creation rather than quick fixes.
Tags: New Zealand labour market unemployment Nicola Willis economy business confidence tourism international education construction projects Investment BoostEmployment Relations Amendment Bill Passed: Boosting Business Confidence & Worker Flexibility
6 months ago | 892 viewsThe Employment Relations Amendment Bill has passed its third reading, introducing reforms to enhance business confidence and create more job opportunities by clarifying contractor vs employee status and setting a $200,000 income threshold for unjustified dismissal claims. The Bill removes the 30-day rule to allow workers and employers to negotiate agreements from day one and ensures accountability for serious misconduct without rewarding employees financially. These changes aim to rebalance employment relations, providing more choice for businesses and workers, with most provisions taking effect immediately after Royal assent.
Tags: Brooke van Velden Employment Relations Amendment Bill Workplace Relations and Safety Minister employment law contractor vs employee unjustified dismissal employment agreements business confidence workplace reforms Royal assentNew Zealand Job Growth Boosts Economy as Unemployment Rate Slightly Rises
6 months ago | 972 viewsFinance Minister Nicola Willis highlights that an additional 15,000 people gained jobs in New Zealand in the last quarter of the year, alongside increased hours worked and job-seeking activity, indicating a growing economy. Although the unemployment rate rose slightly to 5.4%, it remains below Treasury forecasts, with expectations of a future decline as economic recovery continues. Additionally, the proportion of young people not in education, training, or employment decreased, reflecting positive outcomes from government efforts to support business growth and employment.
Tags: Nicola Willis New Zealand Finance Minister Stats NZ unemployment rate Treasury economy employment youth employment business confidence