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Employment confidence down to new low

Employment confidence has sunk to its lowest levels since June 2009, according to the latest Westpac McDermott Miller Employment Confidence index.

Employment confidence has sunk to its lowest levels since June 2009, according to the latest Westpac McDermott Miller Employment Confidence index.

The index fell to 99.6 points on the back of global economic uncertainty, dropping everywhere except for Otago and Southland.

Taranaki and Manawatu reported the biggest fall of 13.9.

It was a similar picture in the employment expectations survey, down 7.5 points to 110.1.

A net 15 percent of lower income earners expect their jobs will be less secure in a year.

Nearly three-quarters of middle income Kiwis believe jobs are harder to get across the country with a net 15 percent expecting the situation to get worse.

Eight percent of households thought job security would improve, and 29 percent of respondents reported an increase in household earnings.

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