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


Labour market remains tight

Labour market remains tight

In seasonally adjusted terms, labour market conditions remained tight in the September 2007 quarter, Statistics New Zealand said today. The survey recorded the lowest unemployment rate and the second highest number of people in employment.

The unemployment rate dropped 0.1 percentage points over the September 2007 quarter to 3.5 percent. This is the lowest rate recorded in the 20-year history of the survey. The number of people unemployed decreased by 2,000 (2.1 percent), driven by a drop in female unemployment, while male unemployment remained constant.

Employment decreased slightly from last quarter's highest recorded level, down 7,000 (0.3 percent) to 2,150,000 in the September 2007 quarter. This is the second highest level recorded since the survey began in 1986. Over the quarter, part-time employment grew by 6,000 (1.3 percent), and full-time employment dropped by 10,000 (0.6 percent). There was growth in male employment, while female employment decreased.

The number of people in the labour force decreased by 8,000 (0.4 percent) to 2,229,000 in the September 2007 quarter, while the working-age population grew by 7,400 (0.2 percent). This resulted in a drop of 0.5 percentage points in the labour force participation rate to 68.3 percent. The female participation rate dropped 0.9 percentage points to 61.2 percent, while the male participation rate was unchanged at 75.7 percent. The number of people not in the labour force grew strongly by 18,000 (1.8 percent) in the September 2007 quarter, with the majority of growth in this category driven by females.

Unadjusted unemployment rates decreased for the European and Pacific peoples ethnic groups over the quarter and increased for the Māori and 'Other' ethnic groups. There were no significant movements in the unemployment rate for any ethnic group on an annual basis. The unemployment rates for the September 2007 quarter were 8.0 percent for Māori, 5.5 percent for Pacific peoples, 4.9 percent for the 'Other' ethnic group and 2.4 percent for European.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Fuel Leak: Refinery Prepares To Repair Damaged Pipeline

Refining NZ has confirmed that it is to start repairs on a section of its multi-product fuel pipeline which was shut down following a jet fuel leak last Thursday. More>>uption.htm">More>>


StatsNZ: Economy Grows 0.8% In June Quarter

“Strong export and domestic demand underpinned growth this quarter,” national accounts senior manager Gary Dunnet said. “Demand for exports has resulted in strong production growth in manufacturing and service industries.” More>>


Expert Reaction: Cassini's Grand Saturn Finale

After a 20 year mission, NASA's spacecraft Cassini will meet its demise this week by plunging into Saturn's atmosphere and burning up. More>>


Jurisdiction: Court Rejects Cathay Unit's Retirement Age Of 55 For Pilots

The Supreme Court has backed two Auckland-based Cathay Pacific pilots who claimed local law meant they couldn't be forced to retire at 55. More>>


Supreme Court: AFFCO Loses Lockout Appeal

The essential question in the appeal was whether those who presented themselves for work at the beginning of the 2015/2016 season were at that time “employees” for the purposes of the lockout provision... This Court has unanimously dismissed the appeal. More>>

China FTA: NZ Govt Agrees On Negotiating Mandate For Upgrade

The New Zealand government has agreed a negotiating mandate for the upgrade of the free trade agreement with China, with a goal of $30 billion of two-way trade by 2020. More>>