Everybody please take a deep breath – everything is just fine

New Zealanders are becoming more confident about the outlook for the labour market, despite some regions losing some of their optimism in the three months ended March.
Overall, the Westpac McDermot Miller Employment Confidence Index lifted 2 points in the March quarter to 108.5.

The present conditions index rose 0.7 to 102.9 and the employment expectations index rose 2.9 to 112.3.

Perceived job security by workers also increased in the quarter.

Mr Ranchhod said employment confidence last year appeared to have been weighed down by concerns about the impact of the drought and lingering softness in global demand.

While those factors had slowed the economy, their impact did not appear to have been as severe as initially feared. Much of the March quarter’s increase in employment confidence occurred in rural areas.

”We’re not surprised to see employment confidence picking up in early 2015. Conditions in the domestic economy are looking very positive.”

The by-election and the fortunes (or otherwise) of various political parties have taken more of our attention of late. ?At the same time, the New Zealand economy and the people that are driving it are happy, positive and getting on with things.

It helps to place these political side-shows into context. ?Even though certain people are fighting for their political careers, and others are just in the media a lot, NZ Inc’s hardly going down the toilet.

National should go back to the basics and not be distracted by Winston. ?This country is now in need of strong leadership. ?The voters don’t want any tails wagging the dog.