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

 


Unemployment falls to 5.6 per cent

Hon Steven Joyce
Minister for Tertiary Education, Skills and Employment

6 August 2014

Unemployment falls to 5.6 per cent

Unemployment has fallen to 5.6 per cent – its lowest level since the March 2009 quarter.

Today’s Household Labour Force Survey shows the number of people employed increased by 83,000 over the last year.

“These results show the continued strength of the New Zealand economy as we continue to recover from the twin blows of the Global Financial Crisis and the Canterbury earthquakes,” Tertiary Education, Skills and Employment Minister Steven Joyce says.

“It is particularly pleasing to see young people benefitting from our economic growth with 11,300 more 15-19 year olds in employment in the last year. The 15-19 years NEET rate is down to 7.4 per cent in the quarter which is its lowest level since prior to the GFC in mid-2008.”

Other highlights of today’s HLFS release include employment for Pasifika people rising by 19.3 per cent in the past year – the largest annual movement since the series began in December 2007. The Maori employment rate is up 2.8 per cent over the same period.

New Zealand’s unemployment rate continues to be lower than most OECD countries and is now the 9th lowest in the OECD, and better than Australia, the US and the UK. The average unemployment rate across the OECD is 7.4 per cent.

Mr Joyce said today’s data also showed that wages continue to grow ahead of inflation with average weekly wages up 2.7 per cent over the year, compared with inflation of 1.6 per cent.

“The challenge now is to continue to build on this momentum so we have consistent and sustained economic performance that really lifts the opportunities for and incomes of New Zealanders over the longer term,” Mr Joyce says.

“The Government is continuing to work hard through its Business Growth Agenda to implement policies that encourage businesses across the country to invest and grow, and hire more people.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Govt’s Token Plans For Cyber-Security

Basically, the world is divided into two types of people: those who think the Panama Papers illustrate the bad shit that some people do, and those who think the Panama Papers illustrate what needs to be done to make sure no-one else discovers the shit – good or bad – that they’re doing. More>>

ALSO:

Gordon Campbell: On Pharmac’s Grudging Concession To Reality

Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely available and publically funded in Australia for the best part of a year? More>>

ALSO:

Labour: Healthy Homes Bill Passes First Reading

Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little says. More>>

ALSO:

Werewolf Satire: Home, And A Way

The one thing even more popular than an Auckland house is offering advice on how to afford an Auckland house. So, on the grounds it can’t be worse than some of the stuff that’s out there, here’s my three cents* worth. [*Up 50% since 2013!] More>>

ALSO:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news