NZ workers ‘too pessimistic’ about job market

New Zealand workers are too pessimistic about the outlook for the job market, a business leader says. The latest quarterly Westpac McDermott Miller Employment Index shows employment confidence has hit its lowest level in over two years. The index fell 4.6 points in the December quarter, from 104.2 to 99.6. This is its lowest level since June 2009 when it stood at 96.1. A level over 100 indicates overall optimism, below 100 indicates pessimism. The results were most dismal in the section which [...]

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Customer doubles money after Westpac error

Westpac - they are a bit like Bonus Bonds really. Once in a lifetime you might get an unexpected windfall. Another banking error by Westpac Bank has seen an Auckland man double his bank balance without doing anything. After withdrawing his savings to pay a deposit on a house, he ended up rebanking it again when the deal fell through. Checking his balance a few days later he found it was $15,000 more than he should have had. Unlike Leo Gao [...]

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