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BNZ Weekly Overview – Tony Alexander

This will be the last Weekly Overview for 2014.

The next one will appear in late-January. Merry Christmas everyone and have a Happy New Year.

The biggest piece of news in the field of economics this week was the 321,000 rise in employment in the
United States during November. This strong gain was well above expectations of a 220,000 rise and
means jobs growth for the whole year could end up being the best in 13 years. There were also signs of
good improvement in hours worked and wages and this means it is reasonable to have an outlook for good
growth in consumer spending in the coming year and on the back of that enhanced willingness of
businesses to undertake investment – and hire even more people.

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