A recent survey of households shows that people are more pessimistic about the job market and believe there is declining wage growth.
A Westpac Confidence Index (ECI) shows a drop of 7.4 points in the September quarter to 98.3, triggering anxiety across New Zealand's labour market.
With confidence at its lowest since December 2020, Milford Asset Management's Mark Riggall shares his insights into the data and how people's perception of declining wage growth doesn't align with official statistics.
Watch the video above.
Article created in partnership with Milford.
