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From electricians, brick layers and carpenters, through to architects, engineers and quantity surveyors, the thousands of open jobs are threatening to derail growth. Almost 80 percent of construction companies reported vacancies in 2016, with 58 percent of those saying jobs were hard to fill, according to new data from Statistics New Zealand. Labor pains are already weighing on markets. The country's biggest builder now expects full-year operating earnings of between NZ$610 million and NZ$650 million ($427.42 million and $455.45 million), versus a NZ$720 million to NZ$740 million ($504.5 million and $518.51 million) range forecast just a month ago. Chief Executive Mark Adamson cited spiraling wages and labor-related project delays for the downgrade. "It's the tightness of the market, the availability of subcontractors, and subcontractors obviously pricing to economics 101," he told investors on a conference call. And while the RBNZ stood pat Thursday, citing "extensive geo-political uncertainty," the longer-term outlook is positive, supported in large part by construction. The building boom is a decade in the making, as infrastructure spending increases and house prices climb. "Residential construction is obviously booming," Guy Davidson, director of construction specialists Cobalt Recruitment, told CNBC.

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Lee de Paauw, 18, of Queensland state, who was staying at a hostel, boasted thathe could swim across a crocodile-infested river, and a group egged him on. I just wanted to show the backpacker. I got her number and her name is Sophie, he told a morning radio show, according to the Courier-Mail . He was almost immediately attacked by the crocodile and was dragged about 20 feet. It all happened very fast. Pretty much as soon as he jumped in, there was splashing and screaming. There was blood everywhere, and he just wouldnt stop screaming, Sophie Paterson, 24, told the Courier-Mail . He was talking about the local creek, saying, I can swim out and so we said, Go on then, but we didnt think he would do it. De Paauw fought off the reptile by punching it in the head, nose and eye. He pulled himself from the water with the help of friends, according to the Cairns Post . I hit it once on the nose (and) it loosened a bit, de Paauw said. I got another hit in and it was right on its eye. I was lucky because it just dropped me. De Paauw is recovering at a hospital from the bite to his left arm. Environment and Heritage Protection officers have set a trap to capture the crocodile, which is estimated at about 10 feet. I dont want that crocodile harmed, de Paauw told the Courier-Mail . I want it released back into the wild and I want it to have a happy life. The Associated Press contributed to this report.

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2017-03-26 / Posted in