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

 


Labour Market Showing Signs of Improvement

Labour Market Showing Signs of Improvement – Media release

9 May 2013

The employment rate rose to 63.7 percent in the March 2013 quarter, up from 62.7 percent in the December 2012 quarter, Statistics New Zealand said today. The unemployment rate fell to 6.2 percent, down from a revised 6.8 percent last quarter.

There were 38,000 more people employed this quarter – up 1.7 percent. The rise in employment came mainly from full-time employment and was across a range of industries.

"We saw labour market conditions improve over the quarter as employment increased and unemployment fell. This improvement followed a period of weakness over 2012, when employment and labour force participation fell," industry and labour statistics manager Diane Ramsay said. "However, while this is a strong turnaround, the labour market has yet to recover to levels seen at the start of last year."

The number of people unemployed fell by 15,000 over the quarter. "We usually see actual unemployment rise in March quarters as a result of seasonal factors, such as students entering the job market. We didn't see this happen this quarter, and this has resulted in a larger than expected seasonally adjusted quarterly fall," Ms Ramsay said.

The number of people in the labour force rose in the March 2013 quarter. As a result, the labour force participation rate rose 0.6 percentage points to 67.8 percent. Despite increasing over the quarter, participation fell 0.8 percentage points over the year to March 2013. The number of people outside the labour force decreased in the March 2013 quarter.

Over the year Canterbury's labour market has continued to improve, with both employment and participation rising. The region's unemployment rate is now down to 4.3 percent. Excluding Canterbury from the national estimates shows a much weaker labour market, with both the employment rate and labour force participation rate falling over the year.

The Household Labour Force Survey (HLFS) is one of several ways of looking at the labour market. The Quarterly Employment Survey: March 2013 quarter also showed an increase in employment. For more information see labour market statistics.

HLFS 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. Its key measures have a margin of error of plus or minus 0.5 percentage points.

ENDS

HouseholdLabourForceSurveyMar13qtr.pdf
hlfsmar13qtrtables.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news