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

 


Job numbers grow; unemployment down

Hon Steven Joyce
Minister for Tertiary Education, Skills & Employment

5 February 2014

Job numbers grow; unemployment down

Latest labour market data confirms further growth in job numbers and a decline in the unemployment rate from 6.2 to 6.0 per cent, Tertiary Education, Skills and Employment Minister Steven Joyce says.

Today’s Household Labour Force Survey shows employment was up by 1.1 per cent – 24,000 people – in the December quarter and up 3.0 per cent –66,000 – in the last year. This was the strongest annual rise since December 2006.

“These results are further evidence that the New Zealand economy is heading in the right direction,” Mr Joyce says.

“What is pleasing is the growth is right across the country and shows the Government’s responsible economic policies and comprehensive Business Growth Agenda is creating the opportunities for businesses to invest and employ more people.”

Highlights include:
• The labour force participation rate increased 0.3 per cent to 68.9 per cent – the second highest since records began in 1986. Female participation rose 0.4 per cent to 63.4 per cent – the highest level since the HLFS began
• The rate for youth not in employment, education or training (NEET) for 15-24 year olds fell 0.1 per cent to 11.3 per cent – the lowest rate since December 2008
• Māori and Pasifika unemployment are both down. Māori unemployment rate was 12.8 per cent (from 14.8 per cent a year ago). Pasifika unemployment rate was 13.7 per cent (from 16.0 per cent a year ago)
• Manufacturing jobs are up 6 per cent in the last year or 14,300 people.

New Zealand's unemployment rate remains better than most OECD countries and is just behind Australia (5.8 per cent). New Zealand has a significantly higher employment rate than Australia because of our higher participation rate. The average unemployment rate across the OECD is 7.8 per cent.

Wages continue to rise faster than inflation. Average weekly earnings rose 2.8 per cent in the last year, compared to inflation of 1.6 per cent.

“While steady progress is being made, as a country we need to remain focused on encouraging investment that will bring jobs, and higher incomes for New Zealanders and their families,” Mr Joyce says.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Wage Hike For MPs (and Paul Robeson)

Hard to tell what is more infuriating. Is it the 5.3% increase on the already bloated salaries of MPs, or their pantomime of outrage at being gifted with such a wonderful back-dated bonanza?

As usual, Prime Minister John Key has busily tried to distance himself from the political fallout, even though he happens to be the main beneficiary of the Remuneration Authority’s generosity. Finance Minister Bill English says with a straight face that it would actually be very hard to give the money back...

Even if it were true, it would actually be very easy for English and any other guilty colleagues, to give the extra money away. There are any number of food banks or homeless shelters who would be able to put the money to good use. More>>

 

PARLIAMENT TODAY:

No Designers Or Visual Artists: Flag Panel Members Announced

The Government has appointed 12 New Zealanders as members of the Flag Consideration Panel which will engage with the public about a possible new New Zealand flag, Deputy Prime Minister Bill English says. More>>

ALSO:

Labour MP Stands Down From Portfolio: Comment From Carmel Sepuloni

The first I knew of my mother’s charges was when I was called by a reporter yesterday. I spoke to Andrew and we agreed there is a conflict of interest at the present time which means I will temporarily stand aside from the Social Development portfolio. It’s the right thing to do… . More>>

ALSO:

Gordon Campbell: On Whether NZ Troops Are The Least Of Islamic State’s Problems

Given that it has been politically packaged and sold as a training mission, the Iraq deployment announced yesterday by Prime Minister John Key seemed to be mysteriously short of actual trainers... The other wing of the argument is whether a troop deployment is (a) the only effective way and (b) the appropriate time to combat Islamic State. More>>

ALSO:

143 Troops, Possible SAS Deployment, Legalities Unsorted: PM’s Statement On ISIL

Mr Speaker, today I am announcing to the House the Government’s decisions about our contribution to the fight against the Islamic State of Iraq and the Levant, or ISIL... More>>

ALSO:

Liu Saga: PM's Dinner With Controversial Donor

John Key must front up to New Zealand and say what he discussed with Donghua Liu when the disgraced businessman paid $25,000 for the Prime Minister to come to dinner at his Remuera home, the Green Party said today. More>>

ALSO:

Roads: National MP 'Concerned' At Overseas Driver Crashes

Waitaki MP and Parliamentary Private Secretary for Tourism Jacqui Dean said she was concerned at the number of fatal crashes involving overseas licence holders and she really felt that the time had come for more to be done. More>>

ALSO:

Parliament Today: Parole Bill Passes

A bill reducing parole hearings deemed to be unnecessary has passed. The third reading of the Parole Amendment Bill was completed by 104 to 16 with the Greens and Maori Party opposed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news