Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Unemployment Rate Falls to 4.8 Percent

Unemployment rate down to 4.8 percent

2 August 2017 - The unemployment rate fell to 4.8 percent in the June 2017 quarter (down from 4.9 percent in the March 2017 quarter) Stats NZ said today. This is the lowest unemployment rate since December 2008, after the start of the global financial crisis, when it was 4.4 percent.

“In the June 2017 quarter, 3,000 fewer people were unemployed,” labour market and households senior manager Diane Ramsay said. “The unemployment rate for women fell to 4.9 percent, with 10,000 fewer women unemployed – the lowest it’s been since March 2009.” In contrast, the male unemployment rate rose to 4.7 percent (7,000 more men unemployed).

Unemployed people are those who are available to work, and who had either actively sought work or had a new job to start within the next four weeks.

The employment rate fell to 66.7 percent (4,000 fewer people employed) in the June 2017 quarter, down from 67.1 percent in the March 2017 quarter. The drop in employment follows six quarters in which employment rose.

New Zealand’s working-age population increased 0.5 percent in the June 2017 quarter (up 20,000 people) to 3,801,000. This is the first quarter since September 2015 that employment growth was below population growth.

Filled jobs (as measured by the Quarterly Employment Survey) increased 3.0 percent (up 56,600 jobs) over the year to the June 2017 quarter. The professional, scientific, technical, administrative, and support services, and the construction, industries were the two largest contributors to this increase.

In the year to the June 2017 quarter the labour cost index increased 1.7 percent, up from 1.6 percent in the year to March 2017.

The recent minimum wage increase contributed to wage inflation in the latest quarter. Changes to carers’ wages from the Care and Support Worker (Pay Equity) Settlement Bill (2017) took effect on 1 July 2017, the start of the September 2017 quarter.

ENDS

For more information about these statistics:
• Visit Labour Market Statistics: June 2017 quarter
• See CSV files for download
• Open the attached files

LabourMarketStatisticsJun17qtr.pdf
hlfsjun17qtrtables.xlsx
hlfsjun17qtrsupptable.xlsx
qesjun17qtrtables.xls
qesjun17qtrsuptables.xls
lciwrjun17qtrtables.xlsx
lciwrjun17qtrsupptables.xlsx

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election