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.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news