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Dollar drops on unemployment fall news
The New Zealand dollar fell by more than half a US cent today after labour data showed that the employment rate fell to its lowest point in 10 years.
The New Zealand dollar fell by more than half a US cent today after labour data showed that the employment rate fell to its lowest point in 10 years.
New Zealand's unemployment rate fell from a 13-year high in the last three months of 2012 as people stopped looking for work and the participation rate shrank.
Employment growth is moderate and wage inflation subdued, payrolls data for the December quarter suggest.
That dwindling band who continue to deny our economy is being hurt by an overvalued currency will usually - in the face of the indisputable evidence - take refuge as a last resort.
Almost two-thirds of the New Zealand workforce is looking for a new job in 2013.
New Zealand labour costs rose in the final three months of 2012 as the gathering pace of Canterbury's reconstruction effort saw the building and construction sector underpin gains.
Bigger workloads and tighter company budgets are causing higher stress levels among New Zealand employees in certain sectors, a new report says.
Long-serving Solid Energy chief executive Don Elder has joined the exodus from the top of the state-owned enterprise, his departure welcomed on the West Coast.
Alcohol company Independent Liquor sacked an employee over allegations of drunken misbehaviour at a Fight For Life charity boxing match it sponsored.
A police officer was rightfully sacked after he used excessive force on a drunk partygoer who snatched his police hat, a tribunal has ruled.
A nanny fired by an international model whose five children complained she swore at them and drove too fast has been awarded almost $6000 for unfair dismissal.
It's back to school for students but many teachers are unemployed because of an oversupply.
A movie chain refusing to talk to a group of workers who are being let go today has found itself with "les miserables" in the flesh.
New Zealand Post will not rule out further cuts to mail services and Post Shops after outlining plans to move to three-day-a-week letter deliveries.
A hairdresser sacked by late night text was unjustifiably dismissed, says the Employment Relations Authority.
I see the aged care provider Ryman Healthcare is one of the best performing companies on the sharemarket, and has returned on average 19 per cent to its shareholders over the past decade.
An East Coast man on the dole for 25 years is the longest unemployment beneficiary in the country and has been paid more than $260,000 in taxpayer money.
If you spent the holidays dreading your return to work, you're not alone. Recruitment agencies say people use this time of year to plot a change of direction.
The latest tax figures offer some hope that the labour market is not quite as grim as official statistics portray.