Articles tagged with Job Creation
Wellington Airport Seawall Renewal Project Approved to Protect Assets and Create Jobs
1 month ago | 304 viewsFast-track approval has been granted for the $100 million Wellington International Airport Southern Seawall Renewal project, which will upgrade 400 metres of the ageing seawall to enhance resilience against coastal and weather challenges. The project will also create two protected kororā (little penguin) colonies with purpose-built habitats and generate 114 jobs annually during construction, delivering significant economic benefits with an estimated cost-benefit ratio of 2.6. This initiative aims to safeguard the airport’s long-term operations, supporting the region’s economy that relies heavily on the airport’s activities.
Tags: James Meager Wellington International Airport Southern Seawall Renewal kororā infrastructure project coastal resilience job creation economic benefits airport operationsFinance Minister Nicola Willis Reacts to Lower Than Forecast Unemployment Rates
10 months ago | 1251 viewsFinance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
Tags: labour market unemployment Finance Minister Nicola Willis Stats NZ Treasury forecast economic management inflation interest rates job creation