1 00:00:00,120 --> 00:00:02,320 Speaker 1: The job markets, as Andrew mentioned, moving in the right 2 00:00:02,480 --> 00:00:06,120 Speaker 1: issue direction, over fifteen hundred more filled jobs than the 3 00:00:06,120 --> 00:00:08,880 Speaker 1: same time last year. It's the usual ups and down scenario, construction, 4 00:00:08,960 --> 00:00:12,119 Speaker 1: manufacturing down, public admin and safety up. Ellen McDonald, as 5 00:00:12,119 --> 00:00:14,800 Speaker 1: thema's had of Advocacy and strategy, and as well this 6 00:00:14,880 --> 00:00:16,840 Speaker 1: how do you read the fifteen hundred number? You feeling 7 00:00:16,840 --> 00:00:17,279 Speaker 1: good about that? 8 00:00:19,160 --> 00:00:22,079 Speaker 2: It's a slight positive, but I think we've yet to 9 00:00:22,079 --> 00:00:25,040 Speaker 2: see the impact on those some of those hiring intentions 10 00:00:25,040 --> 00:00:27,280 Speaker 2: and a bit of business confidence, particularly in a couple 11 00:00:27,320 --> 00:00:30,480 Speaker 2: of those sectors that you mentioned. We've been out on 12 00:00:30,520 --> 00:00:32,919 Speaker 2: the road right through February and March talking to our 13 00:00:32,960 --> 00:00:35,800 Speaker 2: members and it's very clear they're keeping a very watchful 14 00:00:35,840 --> 00:00:38,839 Speaker 2: eye on what's happening with fuel and fuel supplies and 15 00:00:38,920 --> 00:00:42,440 Speaker 2: fuel prices, and that could lead if it continues, to 16 00:00:42,520 --> 00:00:44,960 Speaker 2: some more difficult decisions for some of those people. 17 00:00:45,040 --> 00:00:47,000 Speaker 1: And what is your read on that. When you ask 18 00:00:47,080 --> 00:00:49,040 Speaker 1: people and say, if this thing ends in a couple 19 00:00:49,080 --> 00:00:51,120 Speaker 1: of weeks, like two weeks, we're done, they said four 20 00:00:51,159 --> 00:00:54,480 Speaker 1: to six, it's done in six. Do people move through 21 00:00:54,520 --> 00:00:57,840 Speaker 1: that and get on with it or is the damage done? 22 00:00:58,120 --> 00:00:59,560 Speaker 2: I think it'd be a huge relief of it in 23 00:00:59,680 --> 00:01:02,440 Speaker 2: sooner rather than later. And mister Trump tells us he's 24 00:01:02,480 --> 00:01:04,360 Speaker 2: one at once already, So if you could get on 25 00:01:04,440 --> 00:01:07,080 Speaker 2: and do it again, that'd be quite helpful. I think 26 00:01:07,200 --> 00:01:10,160 Speaker 2: what the big problem will be if you look into 27 00:01:10,200 --> 00:01:12,679 Speaker 2: the manufacturing index, for example, which we keep a close 28 00:01:12,680 --> 00:01:14,600 Speaker 2: eye on, it's been positive for the last five or 29 00:01:14,600 --> 00:01:16,840 Speaker 2: six months. So I was a little surprised to see 30 00:01:16,880 --> 00:01:19,560 Speaker 2: those numbers, But it was the intent to hire and 31 00:01:19,640 --> 00:01:23,960 Speaker 2: invest that was growing, and that will get a knock 32 00:01:24,520 --> 00:01:26,199 Speaker 2: regardless of how quickly this is over. 33 00:01:26,360 --> 00:01:28,000 Speaker 1: You just worked me through that, because when you look 34 00:01:28,040 --> 00:01:30,160 Speaker 1: at manufacturing, as you say, the PMI has been up 35 00:01:30,200 --> 00:01:33,800 Speaker 1: and in the positive, construction I thought was coming back 36 00:01:34,400 --> 00:01:38,120 Speaker 1: is the are these numbers retrospective or am I misreading 37 00:01:38,120 --> 00:01:39,400 Speaker 1: what's been happening in construction. 38 00:01:40,319 --> 00:01:42,480 Speaker 2: I was a little surprised by the manufacturing one, as 39 00:01:42,720 --> 00:01:45,200 Speaker 2: it's been going positive for the last five or six months. 40 00:01:44,920 --> 00:01:48,280 Speaker 2: The construction one, the big vertical stuff which soaks up 41 00:01:48,320 --> 00:01:52,000 Speaker 2: those jobs, that probably wasn't coming back towards until towards 42 00:01:52,040 --> 00:01:54,520 Speaker 2: the end of the year anyway, because to get those 43 00:01:54,560 --> 00:01:57,840 Speaker 2: things going again that takes a bit of time and things. 44 00:01:58,640 --> 00:02:02,040 Speaker 2: And also in a newld's just anecdotally we're hearing that 45 00:02:02,120 --> 00:02:04,720 Speaker 2: slowed down quite a bit because people still aren't spending 46 00:02:04,760 --> 00:02:07,480 Speaker 2: money yet. So that wasn't such a surprise, but the 47 00:02:07,520 --> 00:02:09,919 Speaker 2: manufacturing was a bit of a surprise. One. 48 00:02:10,000 --> 00:02:12,640 Speaker 1: I worry about Auckland and Wellington, the engine rooms of 49 00:02:12,639 --> 00:02:15,560 Speaker 1: the economy. They're down. I mean, yes, Canterbury's up and it, 50 00:02:15,639 --> 00:02:18,040 Speaker 1: Tiger's up and all that's fantastic. But if you're not, 51 00:02:18,280 --> 00:02:21,399 Speaker 1: if your big engine's not running, then that's trouble going 52 00:02:21,520 --> 00:02:22,400 Speaker 1: moving forward, isn't it. 53 00:02:23,200 --> 00:02:25,679 Speaker 2: Yeah, that's a real concern. Awkland's about thirty percent of 54 00:02:25,760 --> 00:02:29,480 Speaker 2: GDP or something around that number, and for it to 55 00:02:29,520 --> 00:02:31,880 Speaker 2: still be so sluggish as a concern. The other one 56 00:02:31,880 --> 00:02:34,960 Speaker 2: that we're quite concerned about is still that number of 57 00:02:35,000 --> 00:02:38,520 Speaker 2: young people getting into the workforce continues to fall, and 58 00:02:38,560 --> 00:02:41,880 Speaker 2: that's not good either. The unemployment rate between for under 59 00:02:41,960 --> 00:02:44,120 Speaker 2: twenty five year olds in South Okland for examples, as 60 00:02:44,160 --> 00:02:45,079 Speaker 2: high as twenty percent. 61 00:02:45,720 --> 00:02:47,920 Speaker 1: Okay, well, I appreciate it very much. Ellen McDonald's. I 62 00:02:47,919 --> 00:02:50,440 Speaker 1: feel like I've been here before. That's right, I was. 63 00:02:50,520 --> 00:02:51,239 Speaker 1: It was last year. 64 00:02:51,919 --> 00:02:54,799 Speaker 2: For more from the Mike Asking Breakfast, listen live to 65 00:02:54,919 --> 00:02:58,000 Speaker 2: news talks that'd be from six am weekdays, or follow 66 00:02:58,040 --> 00:02:59,600 Speaker 2: the podcast on iHeartRadio