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 Tokenism Of New Zealand's Role Against Islamic State

To date, the Opposition has continued to occupy itself with the marginalia of the issue. E.g. whether Key did or didn’t know whether Barack Obama would be present at the US briefing last week on IS, or whether New Zealand’s military involvement is or isn’t already a fait accompli.

It might be better to tackle the issue, head on. Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn.
More>>

 

Parliament Today:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Labour: Tea Breaks 'Gone By Lunch Time'

“How cynical that on the eve of Labour weekend, the National government is pushing through legislation that takes away the statutory right to tea and meal breaks along with collective bargaining protections, and makes vulnerable workers jobs even less secure." More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news