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

Werewolf: John Pilger, And Making War On China

In July, the New Zealand Defence Force is scheduled to join the latest round of Talisman Sabre, a huge training exercise that Australia carries out biennially in conjunction with all four arms of the US military.

Last time around in 2015, New Zealand contributed 650 personnel, 45 vehicles and two of our $NZ771 million dollar fleet of NH90 helicopters to this regional war game.

What’s weird is that Talisman Sabre is actually a rehearsal for an assault on China and its ability to defend itself. More>>

ALSO:

 
 

Urban Planning Report: Momentum Grows To Replace The RMA

A major new report from the Productivity Commission lays the foundation for action on the growing political consensus that the Resource Management Act and associated laws are failing both cities and the natural environment and need a complete rewrite. More>>

ALSO:

Vaping: Quitline Supports Decision To Legalise Nicotine E-Cigarettes

Today Associate Minister of Health, Hon Nicky Wagner has announced that Government are taking the proactive step of legalising nicotine e-cigarettes, a move which Quitline is pleased to hear and support wholeheartedly. More>>

ALSO:

Gordon Campbell: On The Labour/Greens Deal (And The NZDF)

If Labour and the Greens were hoping their Budget Responsibility Rules (BRR) agreement would foster an unlikely alliance then hey… mission accomplished! Because it isn’t every day that Sue Bradford, the CTU and Matthew Hooton speak with one voice, as happened yesterday. More>>

ALSO:

Until After The Election: Extension Of Report-Back Date For Havelock North Inquiry

Attorney-General Christopher Finlayson announced today that the report-back date for the independent Inquiry into Havelock North Drinking-Water has been extended at the request of the Inquiry’s Panel. More>>

ALSO:

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news