Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Employment growth sees fall in unemployment

Stronger than expected employment growth sees fall in unemployment

Continued employment growth, against expectations, has seen New Zealand’s unemployment rate fall to its lowest level in sixteen years.

According to Statistics New Zealand’s Household Labour Force Survey for the June 2003 the official unemployment rate now stands at 4.7 percent (down 0.3 percentage points from the March 2003 quarter). The last time unemployment was lower was December 1987, when the unemployment rate was at 4.2 percent.

The number of people in work increased by 0.8 percent during the June quarter (an 15,000 extra people in work), meaning that the number of New Zealanders in work has increased by 148,000 since the Labour-led government has been in office.

Social Development and Employment Minister Steve Maharey said a strong domestic economy was behind the welcome fall in the number of Kiwis out of work.

“Several factors have led to this fall in unemployment. Notably a growth in employment in the construction, health and community services, education and wholesale and retail sectors. There has also been growth in the number of people in tertiary education which has seen the labour force participation rate remain steady.

“New Zealand’s unemployment rate is now eighth amongst OECD nations and well below the average unemployment rate of 7.2 percent. We are now experiencing lower unemployment than all of our major trading partners including the United Kingdom (5.0), Japan (5.4), Australia (6.0) and the United States (6.1).

“The unemployment figures reinforce the importance of the government’s Jobs Jolt package, announced this week. With one-in-seven of New Zealand firms reporting the inability to obtain skilled staff as their biggest constraint it is clear that there is potential to drive unemployment even lower. Giving more job seekers skills training so they can take up these jobs, and ensuring they are more active in the search for work, will achieve real results,” Steve Maharey said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election