NZ labour market turns a corner
There are encouraging signs that New Zealand’s labour market is stabilising. Job ads are on the rise across most industries, filled roles have increased for three consecutive months, and regional areas are driving strong recruitment activity.
The Reserve Bank has responded to softer global conditions by cutting the cash rate to 3.5%, with inflation holding steady at 2.5%. This opens the door for further stimulus if needed.
While global headwinds remain, early indicators point to momentum building across key sectors.
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