Tagged: unemployment

Nominal and real - The Dismal Science

Eric Crampton Feb 07, 2013

Stats New Zealand reports wage growth over the last year. It's not great in nominal terms, as the Press points out: For those who actually got a pay rise, the mean increase for all surveyed salary and wage rates that rose in the December 2012 quarter was 3.0 per cent, compared with 3.1 percent in the September 2012 quarter. Read More

More on the turn from zero budgets - The Dismal Science

Bill Kaye-Blake Jan 29, 2013

My last post said that it was good to see the Government thinking my way. Specifically, its economic policy depended on a coupled austerity-Christchurch rebuild plan that didn’t work out. They have, I believe, seen the light on Christchurch and are turning away from austerity, i.e., zero budgets. Eric Crampton of Offsetting Behaviour commented. My reply got [...] … Read More

Unemployment up - The Dismal Science

Bill Kaye-Blake Nov 08, 2012

Statistics NZ has released the latest unemployment figures, and they aren’t flash. They have caught people by surprise — me, included. The Prime Minister’s comments were noncommittal: “In the end these things bounce around quite a bit… it’s at odds with what most of the economists thought would happen.” “Like a lot of surveys, from time [...] … Read More

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