The real state of the NZ economy

This is another case of hearing something on the radio and not being able to find it again.

What was being said was those in the construction sector (who should be rubbing their hands with glee at the reconstruction of Christchurch, are amongst the most pessimistic about the economy and moving abroad in greater numbers for work.

What does this say about the real state of the New Zealand economy? 

You can bet that this story will be studiously ignored

NZ: Rise in numbers thinking of going overseas to work

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A survey issued on Thursday indicates the number of New Zealanders considering heading overseas has grown from 105,000 to 177,000, an increase of about 70%.

Some 16,000 of those thinking of leaving, work in the construction sector.

But Horizon Research said that not all who consider leaving will actually do so, and not all of them will go permanently, but it is worrying so many construction personnel want to leave before the Christchurch rebuild.

It said that category was also more pessimistic about the direction of the economy, household income and job opportunities.

The survey polled just over 3000 people in October and has a margin of error of +/-1.8%.

And indication that what is wanted in Christchurch are low-paid slaves willing to work long hours