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

 

Employment declines

Embargoed until 10:45am – 8 May 2008


Employment declines

In seasonally adjusted terms, the number of people employed dropped by 29,000 (1.3 percent) in the March 2008 quarter, Statistics New Zealand said today. Employment has returned to levels seen early in 2007, and follows a record high in the December 2007 quarter.

Full-time employment decreased by 1.7 percent in the March 2008 quarter. This was driven by a decline in female full-time employment of 22,000 following an increase in the December quarter of 31,000. Male fulltime employment decreased by 0.6 percent. Despite a small increase in female part-time employment over the quarter, total part-time employment decreased by 1.1 percent. This was due to a decline in male parttime employment of 4,000.

The number of people in the labour force decreased by 24,000 (1.1 percent) to 2,222,000 in the March 2008 quarter, while the working-age population grew by 10,100 (0.3 percent). This resulted in a decrease in the labour force participation rate of 0.9 percentage points to 67.7 percent. Both the male and female labour force participation rates declined in the March 2008 quarter to 74.6 percent and 61.1 percent, respectively.

In the March 2008 quarter the unemployment rate increased by 0.2 percentage points to 3.6 percent. The female unemployment rate increased by 0.4 percentage points to 3.9 percent, while the male unemployment rate remained flat at 3.4 percent.

The number of people unemployed increased by 4,000 (5.5 percent). The number of unemployed females increased by 3,000 to 40,000, while the number of unemployed males increased by 1,000 to 41,000 in the March 2008 quarter.

The unadjusted unemployment rates by ethnic group for the March 2008 quarter were: 8.6 percent for Māori, 8.2 percent for Pacific peoples, 6.0 percent for the 'Other' ethnic group and 3.0 percent for European.

Geoff Bascand

Government Statistician

8 May 2008


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: