Monthly Archives February 2016

New Zealand Ranked 3rd for Economic Freedom

February 5, 2016 New Zealand Finance

New Zealand is the third freest economy in the world, beaten only by Singapore and Hong Kong.

Earlier this week the Heritage Foundation released its annual Index of Economic Freedom, ranking New Zealand as the third freest economy in the world.

New Zealand’s score on the Index has fallen by 0.5 points since the previous Index, yet Hong Kong and Singapore, the only countries to be ranked above New Zealand saw a fall of 1 point and 1.6 points respectively.

The fall in New Zealand’s score was attributed to a perceived loss of business freedom and labour freedom, although these drops were offset by increases in fiscal freedom, trade freedom and government spending.

No significant changes in freedom were noted in regards to property rights, freedom from corruption, investment freedom, ...

Read More

New Zealand Unemployment Falls to 5.3%

February 3, 2016 New Zealand Finance

Employment levels in Ne Zealand have reached the highest level in more than 5 years, and, in addition, average wages have also risen over the course of 2015.

In a new press release issued in February 3rd Statistics New Zealand has shown that the unemployment rate in New Zealand over the quarter ending December 2015 has fallen to the lowest level since March 2009.

The current unemployment rate is now estimated to be approximately 5.3 percent, down by 0.7 percentage points compared to the previous quarter.

The unemployment rate is also 0.5 percentage points lower than during the December quarter in 2014.

However, while unemployment has fallen, the rate of employment has also undergone a dip, now sitting 0.6 percentage points lower than a year ago, but 0...

Read More