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

 


Employment continues to rise - Statistics New Zealand

Employment continues to rise

7 May 2014

Employment and labour force participation continue to rise strongly, while unemployment remains at 6.0 percent, Statistics New Zealand said today.

"We're seeing more people in the labour market, with the participation rate surpassing the previous high in late 2008 before the downturn in the labour market," labour market and households statistics manager Diane Ramsay said. "The rise in participation is on the back of more people in work, while the number of people looking for work remains unchanged."

The labour force participation and employment rates both increased 0.4 percentage points over the quarter. "Employment continues to rise, with growth seen across a number of regions, industries, and demographics," Ms Ramsay said.

Annually, the number of people employed rose 3.7 percent in the Household Labour Force Survey (HLFS). Demand for workers from established businesses rose 2.6 percent in the Quarterly Employment Survey (QES).

Annual wage inflation, as measured by the labour cost index (LCI) salary and wage rates (including overtime), was 1.6 percent. This compares with annual consumer price inflation of 1.5 percent. Average ordinary time hourly earnings, as measured by the QES, rose 2.5 percent over the year.

In the March 2014 quarter:

Our labour market indicators include the HLFS, QES, and LCI. The HLFS is a broad measure of labour market activity by individuals, while the QES measures demand by established firms for paid work and hourly earnings. The LCI is a measure of wage inflation. Results from all three surveys are based on representative samples from across New Zealand. Explaining labour market statistics has more information on these indicators.

For more information about these statistics:

Household Labour Force Survey: March 2014 quarter
Information release (PDF)
Tables (Excel)

Labour Cost Index (Salary and Wage Rates): March 2014 quarter
Information release (PDF)
Tables (Excel)

Quarterly Employment Survey: March 2014 quarter
Information release (PDF)
Tables (Excel)

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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