31 January 2005
In Britain, first-time buyers cannot afford a home in 9 out of 10 British towns, according to a
Halifax Bank report.
After a huge increase in new jobs, there is now a record number of people in Britain (28.5 million)
in paid work. The unemployment rate in Britain is 4.5%.
1 February 2005
NZ moves up a notch on the OECD per capita income scale, overtaking Spain to become
20th out of the 30 member nations on this index.
2 February 2005
Prime Minister Helen Clark says part of the government's strategy to attract and retain more women
in the workforce is to increase the length of paid maternity leave. Clark hasn't said what she has in
mind, but Treasury has estimated one year's paid maternity leave would cost the government $270 million
per year.
The NZ Institute publishes its third report on wealth accumulation. "Home is where the money is:
the economic importance of saving", 2 February 2005 can be downloaded (56 pg, 990Kb)
from here.
For the fourth consecutive year, General Motors is to cut another 7% of its workforce, or 8,000
jobs worldwide.
4 February 2005
In the 12 months to September 2004, 14,400 people from Australia (including returning NZers)
have immigrated to NZ. This is the largest number since 1978.
5 February 2005
Westpac bank is to become the first financial institution in NZ to provide childcare centres for its
employees' children.
Australian tertiary education students can live and study in NZ paying the same fees with the
same entitlements to allowances and loans as NZers. A career advisor for a private Sydney college says it
is cheaper and easier to get into a NZ university than it is to get into an Australian one.
6 February 2005
The US has cut farm subsidies in a move that may see the World Trade Organisation achieve the
aims of its Doha Round of negotiations.
US telecommunications giant SBC Communications says it will cut 12,800 jobs as a result of
purchasing AT&T, American Telephone and Telegraph.
7 February 2005
Immigration is not a cure-all for Queenstown's acute labour shortage, according to local MP
David Parker. Parker says a living wage and affordable housing for NZ workers must be key priorities
for employers, local and central government.
The Warehouse, NZ's biggest retail company, is to slash supplier numbers by 50% and demand a
10% discount on current prices from those it stays with. The company has more than 3,000 suppliers.
German unemployment soars to its highest rate since 1933. More than five million Germans are
without jobs.
8 February 2005
Australian treasurer Peter Costello warns unions not to demand pay rises that don't include
productivity gains for fear of creating inflation.
The US state of Iowa is considering ways to arrest its "brain drain" and keep its young people
from moving away from the state. The Iowa state government is toying with the idea of getting rid of
state income tax for everyone under age 30. California has been the destination of most of departing
Iowans since the 1960s.
10 February 2005
Some orchardists in South Canterbury will face financial losses unless they can find fruit pickers
immediately, according to The Timaru
Herald. Adding to the problem are the university students who
have finished their summer work in the orchards and are going back to classes.
The government will spend $5 million to advertise the Working for Families package between now
and June. This is one-third of the total budget of $15 million to be spent over the next three years to
alert people to any entitlements they may qualify for. Those who don't claim their entitlements will not get
the extra money.
The Australian unemployment rate for January remained steady at its 28-year low of 5.1%.
11 February 2005
NZ unemployment drops to 3.6%, the lowest rate in the OECD.
Wellington's Downtown Mission says even with a lower unemployment rate, not everyone can
hold down a full-time job. Director Stephanie McIntyre says there are people with barriers to work
that make them unable to manage a 30 or 40 hr week. McIntyre: "What we need are a lot of small
companies with well-supported, part-time jobs."
14 February 2005
The government has approved plans for a new single benefit, but details won't be released until
next week.