Employee confidence collapses past covid lows after Budget
Confidence about future jobs collapses past covid lows to GFC levels after Budget; Confidence worse in Auckland than Wellington; US now bigger goods export market for NZ than Australia
TL;DR: Employee confidence in more jobs being available in a year’s time collapsed in the first two weeks of June after the Budget, falling through Covid lows to levels last seen during the Global Financial Crisis.
Meanwhile, trade data showed strong exports of beef and wine have lifted the United States past Australia to become our second largest buyer of goods after China.
Six things of note this morning
1. Worker confidence collapsed too after Budget
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