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
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
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.