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


Cautious optimism in employment data

9 May 2013

Cautious optimism in employment data

BusinessNZ has greeted the latest employment survey with cautious optimism.

The Household Labour Force Survey for the March quarter shows employment up 1.7 percent, with 38,000 more people employed since the last quarter.

The unemployment rate is down from 6.8 percent to 6.2 percent.

BusinessNZ Chief Executive Phil O’Reilly says the results should be treated with caution as the figures can bounce around between quarters, but the underlying trend is positive.

Canterbury is showing strong growth in employment as expected, and most regions outside Canterbury are also recording increases.

The trend for youth employment is also positive, with a 2 percent increase in employment; however the overall numbers of young people not in employment, education or training is still far too high, Mr O’Reilly said.

“The figures overall send a message that it is important to continue to focus on policies that promote a strong economy and business confidence, so businesses - in particular small and medium businesses - continue to create jobs.

“With regard to youth employment, the need for a focus on young people gaining employable skills is paramount. It is critically important for our schools, families and education and training systems to make this our highest priority,” Mr O’Reilly said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news