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

 


Labour market weak

Household Labour Force Survey: December 2012 quarter – Media Release

The unemployment rate fell to 6.9 percent in the December 2012 quarter, down from 7.3 percent in the September 2012 quarter, Statistics New Zealand said today.

“We saw the unemployment rate fall this quarter after a rise last quarter. Although the unemployment rate fell, it is still 0.5 percentage points higher than a year ago,” industry and labour statistics manager Diane Ramsay said.

The number of people in the labour force fell in the latest quarter, with falls in both the number of people employed and unemployed. As a result, the labour force participation rate fell 1.2 percentage points to 67.2 percent. The number of people outside the labour force increased.

“We're seeing fewer people working and looking for work, and more people outside the labour force. More younger people are solely in study and more older people are entering retirement,” Ms Ramsay said.

In the December 2012 quarter the employment rate fell from 63.4 percent to 62.6 percent – the third quarter in a row it has fallen. There were 23,000 fewer people in employment, a fall of 1.0 percent. The fall was in part-time employment. Full-time employment rose slightly over the quarter.

The number of unemployed people fell 10,000 over the quarter. Fewer men were unemployed, while the number of women unemployed was flat.

Definitions of the labour market and more information about our labour market statistics are available on our website.

The Household Labour Force Survey results are based on a representative sample of 15,000 households throughout New Zealand. The survey is designed to produce reliable estimates of the numbers of people employed, unemployed, and not in the labour force.

http://img.scoop.co.nz/media/pdfs/1302/HouseholdLabourForceSurveyDec12qtr.pdf

http://img.scoop.co.nz/media/pdfs/1302/hlfs_Dec12qtralltables.xls
Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news