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

 


84,000 more jobs in last year

Hon Steven Joyce
Minister for Tertiary Education, Skills & Employment

7 May 2014

84,000 more jobs in last year

The latest labour market data shows continuing strong employment growth with 84,000 more jobs added to the New Zealand economy in the last year – the largest increase in nearly a decade.

Today’s Household Labour Force Survey shows employment was up by 0.9 per cent – 22,000 people – in the March quarter and up by 3.7 per cent in the last year.

“The latest results show the growing strength of the New Zealand economy,” Mr Joyce says.

“While unemployment remained flat at 6.0 per cent, it was driven by a record labour force participation rate of 69.3 per cent. That compares with 64.7 per cent in Australia.

Highlights include:
• Female participation rose to 63.7 per cent – a new record high.
• Average ordinary time hourly earnings, as measured by the Quarterly Employment Survey, rose 2.5 per cent in the year. Inflation was 1.5 per cent in the last year, meaning New Zealanders’ wages continue to rise faster than the cost of living
• Unemployment for Pasifika continues to fall – down 2.2 percentage points from a year ago.

New Zealand’s unemployment rate continues to be lower than most OECD countries. The average unemployment rate across the OECD is 7.6 per cent.

“Through our comprehensive Business Growth Agenda, theGovernment has a strong focus on creating the opportunities for competitive businesses to invest and employ more people.

“Our results so far are reflected in strong growth, increasing employment, an improved trade balance, stronger productivity growth, and real wages rising faster than the cost of living.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Education: Schools Funded To Trial Innovative Approaches

Education Minister Hekia Parata has announced the successful applicants for a new $10 million fund to encourage innovative teaching practices. “I’m delighted with the quality of the 39 projects that have won funding in the first round of the Teacher-led Innovation Fund worth a total of about $2.6 million,” says Ms Parata. More>>

ALSO:

Generation Zero: Skypath Granted Resource Consent

Generation Zero is delighted and relieved that the ‘Skypath’ walking and cycling addition to the Harbour Bridge has been granted resource consent. More>>

ALSO:

Housing: Two New Auckland Special Housing Areas

Two new greenfield Special Housing Areas (SHAs) that will provide up to 1800 new homes in Auckland have been announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown. More>>

ALSO:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news