Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NZ Wages Up 0.5% For March Quarter

Salary and wage rates in New Zealand increased 2.1 percent for the year ending in the March quarter, Statistics NZ reported Tuesday.

The figure includes overtime.

Statistics NZ said for the quarter, rates increased 0.5 percent.

Private sector salary and wage rates increased 2.1 percent on year.

Public sector rates increased 1.6 percent on year.

The Quarterly Employment Survey showed average hourly earnings, excluding overtime, rose 3.8 percent for the year to March. Rates had risen 2.8 percent for the year to December 2011.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.