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

 


Little change in income for second year

Little change in income for second year

New Zealand Income Survey results for the June 2010 quarter showed income slightly decreased (a nonsignificant change) since the June 2009 quarter, Statistics New Zealand said today. The New Zealand Income Survey is an annual survey that is run during the June quarter (April to June) and provides a snapshot of income statistics about people and households.

Median weekly income for all people from all sources slightly decreased to $529, compared with the June 2009 quarter figure of $538 and the June 2008 quarter figure of $536. A small rise in wage and salary income was offset by decreases in other sources of income.

Median weekly wage and salary income for those receiving wage and salary income slightly increased by 1.2 percent since the June 2009 quarter. This is the lowest annual movement recorded for the NZ Income

Survey since the June 1999 quarter. While there was a slight rise in income from wages and salaries, the proportion of the working age population receiving this form of income has slightly decreased since the June 2009 quarter (from 54.1 percent to 53.5 percent).

Median hourly earnings from wages and salaries rose by $0.53. This is the smallest rise recorded in hourly earnings for the NZ Income Survey since 2003.

Median weekly income from government transfers for those receiving government transfer income slightly decreased by $4 to $269. The number of people receiving government transfers has increased significantly by 54,400 (4.9 percent) since the June 2009 quarter. In the last two years the number of people receiving government transfers has increased by 88,100 (8.3 percent).

Since the June 2009 quarter, median weekly income from self-employment, for those receiving selfemployment income fell $38 (6.3 percent) to $575. Median weekly income from investments for those receiving investment income, dropped by $3 to $12.

View the report here.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news