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

 

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news