Labour, Greens, NZ First and Mana have their faux inquiry into the “manufacturing crisis”. It seems someone may have forgotten to tell the manufacturers.
Rob Hosking reports at NBR:
Manufacturing improvement dominates job market data
And in the story:
On an annual basis, average ordinary time hourly earnings rose 2.6% for the year, with the largest increase in manufacturing, up 2.9%, while retail trade rose 2.7%.
On a weekly basis, the income improvement is even more pronounced. Average ordinary time weekly earnings rose 2.9% for the year, or about $29 a week.
Manufacturing ordinary time weekly earnings rose 4.1% for the year.
How inconvenient for the crisis.Tags: manufacturing