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

 

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>