Employer Bulletins

Up to $450 million of new deals and partnerships were concluded this week at the China International Import Expo (CIIE), Trade and Investment Minister Todd McClay has announced. More than 20 Memorandums of Understanding and supply agreements between New Zealand and Chinese companies were signed during Mr McClay’s visit to CIIE. More than 80 New Zealand companies participated from a diverse array of sectors. “The new ‘Grass-Fed’ standard is one example of this government suppo

In the September 2025 quarter: the unemployment rate was 5.3% the employment rate was 66.6% annual wage inflation was 2.1% average ordinary time hourly earnings were $43.60. “The unemployment rate has been over 5% for the last four quarters. The last time that the unemployment rate was 5.3% was in the December 2016 quarter,” labour market spokesperson Jason Attewell says. There were 160,000 unemployed people in the September 2025 quarter, as measured by the Household Labour F

European Union Trade Commissioner Maroš Šefčovič and Trade and Investment Minister Todd McClay have adopted a joint declaration to focus on reducing costs and boosting bilateral trade, during the inaugural NZ-EU Trade Committee meeting hosted by New Zealand in Queenstown. Commissioner Šefčovič has completed his first visit to New Zealand to join Minister McClay at a NZ-EU Business Summit attended by 500 New Zealand and European businesses. “The EU is one of New Zealand’s mo

Aotearoa New Zealand’s consumers price index (CPI) increased 3.0 percent in the 12 months to the September 2025 quarter, according to figures released by Stats NZ today. The 3.0 percent increase follows a 2.7 percent increase in the 12 months to the June 2025 quarter. The Reserve Bank of New Zealand’s target band for the annual inflation rate is 1 to 3 percent. “The 3.0 percent annual inflation rate in the September 2025 quarter is the highest since the June 2024 quarter when

The government welcomes new data showing a healthy growth in international visitor numbers and improved confidence across the tourism industry. “International tourism, as New Zealand’s second highest export earner, is a key part of our economic recovery,” Tourism and Hospitality Minister Louise Upston says. “So, it is great to see that international visitor arrivals in August were up 7.5% from the same time last year. With summer around the corner, we are making steady progr

New Zealand businesses will have a better shot at winning government contracts as a result of changes to government procurement rules, Economic Growth Minister Nicola Willis says. “The new rules agreed to by Cabinet will take effect on 1 December. “More than 900 submissions were received during consultation on the new rules earlier this year,” Ms Willis says. “Businesses shared that the lack of weighting for New Zealand’s interests in the evaluation criteria was holding them

The economy contracted in the June 2025 quarter, while unemployment continued to rise. New Zealand’s gross domestic product (GDP) fell 0.9 percent in the June 2025 quarter, following a 0.9 percent increase in the March 2025 quarter. Manufacturing, down 3.5 percent, was the main contributor to the quarterly fall in GDP. Construction, down 1.8 percent, also contributed. GDP fell 1.1 percent over the year ended June 2025 compared with the year ended June 2024. GDP per capita fe

Cabinet has agreed to policy proposals for new employment leave legislation: a simpler and more workable replacement for the Holidays Act 2003. Progressing reforms to the Holidays Act to simplify the law, give businesses certainty and reduce compliance costs is an action under the government's Going for Growth plan. New Zealand’s current leave system is complex and confusing. Employers struggle to understand and apply the Holidays Act correctly, and workers struggle to unders

Economic data released reflects the impact of global uncertainty on consumers and businesses, Finance Minister Nicola Willis says. Stats NZ figures released show real Gross Domestic Product fell 0.9 per cent in the second quarter of the year after a 0.9 per cent increase in the first three months of the year. “The second quarter of the year started the day before United States tariffs were announced,” Nicola Willis says. “The economy had been growing strongly in the previous

Total actual filled jobs in the June 2025 quarter were 2.26 million. In the June 2025 quarter (compared with the March 2025 quarter): total seasonally adjusted filled jobs were down 0.5% (10,560 jobs). For the year ended June 2025 (compared with the year ended June 2024): total gross earnings were up 1.5% ($2.6 billion). An annual comparison is used for earnings to account for payroll timing differences between quarters. At an industry level, the largest changes in season

Social Development and Employment Minister Louise Upston says a continuation of a series of regional employment events reinforces a cross-sector commitment to get Kiwis into jobs, boost employment and grow the economy. Minister Upston and officials met with representatives of around 36 employers and other stakeholders in Hamilton, reinforcing job opportunities across the Waikato region. “It was great to attend this event, acknowledge the commitment of MSD and recognise the

The New Zealand–United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) has officially entered into force, opening the door to one of the world’s fastest-growing economies, Agriculture, Trade and Investment Minister Todd McClay announced. “The NZ–UAE CEPA delivers up to an estimated $42 million in tariff savings per year for Kiwi exporters and the wider economy,” Mr McClay says. “From today, 98.5 percent of New Zealand’s exports to the UAE will enter duty-fre

Falling interest rates are good for growth, businesses, jobs and Kiwis paying off their mortgages, Finance Minister Nicola Willis says. The Reserve Bank announced that it was reducing the Official Cash Rate (OCR) from 3.25 to 3% and signalled two further reductions this year. “The latest reduction means the OCR has now fallen from 5.5% to 3% in just a year,” Ms Willis says. “I welcome the bank’s decision to respond to a difficult second quarter of the year with more stimulus.

Here's what is leading the news for employers this week: Labour market statistics provide a picture of the New Zealand labour market, including unemployment and employment rates, demand for labour, and changes in wages and salaries. In the June 2025 quarter, compared with the March 2025 quarter, the: unemployment rate was 5.2%, compared with 5.1% underutilisation rate was 12.8%, compared with 12.4% employment rate was 66.8%, compared with 67.1%. In the year ended June 2025:

Here's what is leading the news for employers this week: More than 5,300 young Kiwis will benefit from new funding which invests in their business potential, develops enterprise skills, and better prepares them for their future work environment, Youth Minister James Meager has announced. Mr Meager confirmed the $1.5 million Ministry of Youth Development (MYD) funding for 11 community-based providers, while speaking at the INVOLVE youth sector conference in Christchurch. “The

Here's what is leading the news for employers this week: Workplace Relations and Safety Minister Brooke van Velden is consulting with manufacturers to help businesses focus on managing genuine risks rather than navigating red tape. “We’re simplifying machine guarding rules and reviewing exposure standards to reduce complexity and improve consistency in the manufacturing sector,” says Ms van Velden. The proposed changes aim to ensure standards reflect real-world risks and alig

Here's what is leading the news for employers this week: Science, Innovation and Technology Minister Dr Shane Reti has announced the establishment of a new institute to grow New Zealand’s advanced technology sector and boost high-value exports. Minister Reti says the new public research organisation, to be named the New Zealand Institute for Advanced Technology (NZIAT), will play a leading role in turning world-class science into commercial success. “The Institute will focus

Here's what is leading the news for employers this week: The Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand announced it would keep the Official Cash Rate (OCR) at 3.25% while continuing to foreshadow further reductions in the OCR. “There has been a 2.25 percentage point reduction in the Official Cash Rate since August last year – easing the cost

Here's what is leading the news for employers this week: Employment indicators provide an early indication of changes in the labour market. The seasonally adjusted filled jobs for the May 2025 month (compared with the April 2025 month) went up 0.1% overall (1,689 jobs) to 2.35 million filled jobs. This went down by 34,237 jobs (1.4%) compared with May 2024. Primary industries went up by 0.4% (439 jobs) and service industries went up by 0.1% (1,990 jobs), while goods-producing

Here's what is leading the news for employers this week: The Government has passed a change to the Employment Relations Act that reinstates the ability for employers to make pay deductions during partial strikes – making the system fairer for all, Workplace Relations and Safety Minister Brooke van Velden announced today. “These changes will help both employers and unions to return to the bargaining table and restores the law to what it was before the previous government remov