Wages rise as building and construction industry booms

From Morning Report, 8:14 am on 5 August 2021

The building and construction industry is booming, wages are rising and companies are trying to poach talent off each other. It's a good indicator of New Zealand's low unemployment rate.

Official data shows the jobless rate in the June quarter fell to 4 percent, from 4.7 percent in the previous quarter.

The rate was better than the 4.5 percent forecast by analysts, and is below the level before the pandemic.

Registered Master Builders Association chief executive David Kelly spoke to Susie Ferguson.