Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Unemployment Rate 5.4 Per Cent

Household Labour Force Survey: March 2001 quarter

The March 2001 quarter seasonally adjusted unemployment rate was 5.4 per cent, according to Statistics New Zealand's Household Labour Force Survey, the official measure of unemployment. The unemployment rate is the lowest recorded since June 1988 when it was 5.2 per cent. The unemployment rate reached a peak of 10.9 per cent in September 1991.

Labour market conditions were largely unchanged between the December 2000 and March 2001 quarters, with the unemployment rate falling from 5.6 per cent. Seasonally adjusted figures show the level of employment remained stable this quarter, maintaining the growth seen in 2000. Unemployment levels have continued to decline, down 3,000 in the latest quarter. However those not in the labour force increased by 8,000 and consequently the labour force participation rate decreased by 0.2 percentage points.

Labour market conditions continued to improve during the year. From the March 2000 quarter, seasonally adjusted figures show unemployment dropped by 16,000 (13.3 per cent). Employment grew by 41,000 (2.3 per cent), with the level of full-time employment up 43,000. Those in short-term and long-term unemployment decreased over the year from 73,300 to 64,400 and 39,100 to 30,500 respectively. The unemployment rate has fallen 1.0 percentage points from March 2000 and the labour force participation rate has increased by 0.4 percentage points to 65.6 per cent.

All ethnic groups showed declines in their unemployment rates during the year. The unadjusted unemployment rates for the March 2001 quarter were 12.0 per cent for Mäori, 11.2 per cent for Pacific peoples, 10.6 per cent for the 'Other' ethnic group and 4.2 per cent for European/Pakeha.

The lowest unadjusted unemployment rate in the March 2001 quarter was recorded in Southland (2.8 per cent), followed by Tasman/Nelson/West Coast/Marlborough (2.9 per cent). The highest unadjusted unemployment rate was recorded in the Bay of Plenty region (8.5 per cent), followed by the Northland region (7.7 per cent).

Brian Pink GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news