Jobs Across the World - New Zealand

New Zealand’s Economy Has Returned to Normal

New Zealand’s fast response to the global pandemic has brought the economy to pre-pandemic normalcy. The country avoided a large number of infections and deaths from COVID-19 that many other nations saw during the outbreak. The NZ government had concerns that additional jobs would be lost after the large wage subsidy program ended. 

Still, it was reported that the finances were in better shape than even expected. An Australian and New Zealand economist said they agree that the labor market is going to tighten much faster than the Reserve Bank of New Zealand (RBNZ) predicted and the Bank will begin raising rates by the end of next year.

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percent from the previous quarter

Employment increased by 17,000 in the last quarter of 2020, up 0.6 percent from the previous quarter. There are many job opportunities available in New Zealand. Contact Jobs Across the World and be matched with the perfect opportunity that matches your skillset. It doesn’t matter where you currently live. All international resumes are welcome. 

The unexpected decrease in unemployment and the rise in wages may rule out additional central bank cuts. Monetary tightening may come sooner than later. The RBNZ has tightened some conditions by reinstating mortgage lending restrictions to slow the rampant housing market. The seasonal adjusted jobless rate fell to 4.9 percent according to Statistics New Zealand, and the dollar rose by a quarter of a cent. As the economy bounces back, now is the time to submit your resume to Jobs Across the World. Contact them today!

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