logo
Share SHARE
FONT-SIZE Plus   Neg

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
Walt Disney Co. has threatened to pull its programming from cable distributor Altice USA Inc. if the two companies are unable to reach a new deal before the end of September. The current contract between the two companies expires at the end of this month. Jaguar Land Rover, Britain's biggest car maker, is eyeing potential acquisitions of international automakers, Bloomberg reported Monday, citing people with knowledge of the matter. Jaguar Land Rover, owned by India's Tata Motors Ltd., has reportedly been holding internal discussion on acquiring other brands in order to diversify its range of vehicles. Target Corp. said Monday that it plans to raise minimum hourly wage for all its workers to $11 in October, marking its third wage increase in three years. The discount-store operator also said it is committed to increasing the minimum hourly wage to $15 by the end of 2020.
comments powered by Disqus
Follow RTT