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

 


Unemployment drops to 4 percent

10 August 2004

Unemployment drops to 4 percent as employment passes two million

The government is welcoming the further drop in unemployment announced today – fuelled by New Zealand’s growing labour market which has just seen total numbers in employment pass two million workers for the first time.

According to Statistics New Zealand’s Household Labour Force Survey (HLFS) for the June 2004 quarter, New Zealand’s official unemployment rate stands at 4.0 per cent (down 0.3 percentage points from the previous quarter).

New Zealand now has the second lowest unemployment rate in the OECD (behing Korea on 3.5 per cent) – and significantly lower unemployment than our major trading partners including Japan (4.6 per cent), the United Kingdom (4.7 per cent), Australia (5.5 per cent) and the United States (5.6 per cent). Unemployment was last at 4.0 per cent in March 1987 and has never registered below this figure since New Zealand adopted the HLFS in 1985.

Social Development and Employment Minister Steve Maharey said the government was proud that more New Zealanders than at any time in our history are now in paid work.

“For the first time two million New Zealanders are in paid work. Since the government came to office 211,000 new jobs have been created – or 136 more people in work each day since the beginning of 2000.

“The statistics confirm the strength of regional economies and indicate that employment gains are being shared around, with Maori and Pacific people’s unemployment dropping again this quarter.

“The challenge we face now is quite different to the one which we inherited in 1999. There are still a significant number of New Zealanders looking for work and there are significant labour shortages are emerging in some industries and regions.

“These unemployment numbers confirm continued strong economic performance and the wisdom of the government’s investment in industry training, modern apprenticeships and better information about job trends. Later this month the government will also be launching a new project to promote to employers the skills of potential workers who have traditionally found it more difficult to find work, such as sole parents, immigrants and people with disabilities,” Steve Maharey said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news