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A Worsening Job Market: New Zealand's Unemployment Crisis Deepens

A Look Back In our previous post , we discussed the growing concerns around New Zealand's rising unemployment rate, which had reached 4.3% in March 2024. We highlighted the potential impact of global economic challenges, remote work competition, and a changing job landscape. A Bleak Reality Fast forward six months, and the situation has unfortunately deteriorated. The latest unemployment figures released by Stats NZ reveal a concerning trend: the unemployment rate has climbed to 4.8% in September 2024. It's important to note that these figures don't fully capture the extent of the problem. The official unemployment rate only accounts for individuals actively seeking work within the last four weeks. The true scale of unemployment is likely much higher, as many people may have been unemployed for extended periods is still actively seeking work. The Role of Monetary Policy In response to the economic slowdown, the Reserve Bank of New Zealand (RBNZ) has implemented measures to

Is New Zealand Heading Towards Higher Unemployment?

As of March 2024, New Zealand's unemployment rate is 4.3%. While this number might not raise alarms right now, looking at the past and considering today's global economic challenges suggests we need to be prepared. WHAT'S HAPPENING? Back in the early 2010s, our unemployment rate was around 6%. Over the years, it dropped to as low as 3.2% in early 2022. But now, it's starting to creep back up. WHY SHOULD WE BE CONCERNED? Global Economic Struggles: The world economy is facing tough times, and as a small, connected country, New Zealand could feel the impact, leading to fewer jobs. The latest US July Jobs Report on August 2, 2024, painted a bleak picture. Remote Work Competition: With more jobs being done remotely, people from all over the world and even in different regions can apply for positions that used to be local. This means more competition for New Zealanders. Quality of Jobs: There’s a shortage of high-quality jobs. Industries that used to provide stable employme

AI Scammers: The New Frontier of Online Threats

Introduction Today's digital age, has revolutionized countless industries. However, this progress also comes with a dark side: the rise of sophisticated online scams. One of the most concerning trends is the increasing use of artificial intelligence (AI) to deceive unsuspecting victims. The Growing Threat of AI Scams According to a report by Zscaler's ThreatLabz, phishing attacks saw a staggering increase of 745 million in 2023 alone. This surge can be attributed, in part, to the malicious use of AI. Voice phishing (vishing) and deepfake phishing have become particularly effective tools for scammers, as they can convincingly mimic voices and identities. Common AI Scam Tactics These scammers employ a variety of tactics to trick their targets. Some common examples include: Phishing emails: These emails often appear to be from legitimate sources, such as banks or government agencies, and may contain urgent requests for personal information or financial transactions. Investment sc

The Future of Leadership: Human Connection in the Age of AI

Image created by Bing The world is changing at a rapid pace, driven by technological advancements and shifting societal norms. As artificial intelligence (AI) continues to evolve, it's becoming increasingly clear that the future of leadership lies in our ability to combine human empathy and vision with technological prowess. The Importance of Adaptability History has shown us that those who can adapt to change are the ones who thrive. In today's world, this means embracing new technologies while recognizing the unique value that humans bring to the table. Refining Human Skills To lead effectively in the age of AI, we must focus on developing our human skills. This includes: Communication: Effective communication is essential for building relationships, inspiring teams, and navigating complex challenges. Curiosity: A curious mind is open to new ideas and opportunities, enabling leaders to stay ahead of the curve. Creativity: Creativity is essential for problem-solving, innova

Reframing Challenges as Opportunities

How we approach obstacles can reshape our journey. In my recent LinkedIn post, I explored how a shift in mindset can turn adversity into a stepping stone to success. By embracing challenges as opportunities for growth, we unlock our true potential. In the post, I outline 5 actionable steps to help you apply this mindset to everyday situations. Read the full post on LinkedIn here , and start seeing obstacles in a new light. Download the poster here to as an everyday carry for reminder.

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