May and June Bring Recovery In Filled Jobs Since Lockdown | NZX Market Update

  • Jul 28, 2020 NZST
  • Team Kalkine

As per Stats NZ, the numbers continue to recover in both May and June after a significant decline of 35,000 jobs in April. The overall number of filled jobs increased by 2,053 in June 2020, to 2.2 million and May 2020 noted a rise of 14,399 jobs. Accommodation and food services witnessed a decline of 2,766 jobs since March 2020. Arts and recreation services filled fewer jobs of 2,008 in June 2020 than in March 2020. Furthermore, gross salaries and wages for the quarter ended June 2020 (June quarter) were $32.8 billion, while noting a decrease of 0.9% ($304 million) on earnings in the March quarter.

As per Stats NZ, the total number of home transfers dropped by 30 per cent in June 2020. However, the proportion of home transfers to people who are not citizens of NZ remain steady at 0.4 per cent. June 2020 quarter saw the transfer of over 26,000 homes as compared to 38,000 in the June 2019 quarter. The drop began due to Covid-19 level 4 lockdown on 26 March 2020, which eased as level 3 on 28 April. The June 2020 quarter's number of home transfer is the lowest since the beginning of the series in 2016.

Brazil steelmakers’ trade group- Iabr said that the United States is putting pressure to trim exports of unfinished steel. The President of the organisation- Marco Polo suggested that the United States is threatening to lower Brazilian quotas. The U.S. and Brazil came under a trade spat last year when the U.S. President Donald Trump imposed a tariff on the Brazilian steel and aluminium to support local producers.

#nzjobs #newzealand #labr #Kalkine


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