Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Unemployment Rate Remains At 5.2 Per Cent

Household Labour Force Survey: September 2001 quarter

The September 2001 quarter seasonally adjusted unemployment rate was 5.2 per cent, according to Statistics New Zealand's Household Labour Force Survey, the official measure of unemployment. This is the same level as the June 2001 quarter. The last time it was below 5.2 per cent was March 1988 when it was 4.8 per cent. The unemployment rate reached a peak of 10.9 per cent in September 1991.

Labour market conditions remained largely unchanged between the June 2001 and the September 2001 quarters, with the unemployment rate steady at 5.2 per cent. Seasonally adjusted figures show the level of employment increased in the September quarter by 6,000 (0.3 per cent) to an estimated amount of 1,825,000. Unemployment levels have continued to decline, down 1,000 (1.0 per cent) in the latest quarter to 100,000. The number of those not in the labour force has increased by 3,000 to 996,000, while the labour force participation rate is unchanged at 65.9 per cent.

Labour market conditions continued to improve during the year. From the September 2000 quarter, seasonally adjusted figures show unemployment dropped by 11,000 (9.9 per cent). Employment grew by 39,000 (2.2 per cent), with the levels of full-time and part-time employment up 20,000 (1.4 per cent) and 18,000 (4.4 per cent) respectively. The unemployment rate has fallen 0.6 percentage points and the labour force participation rate has increased by 0.4 percentage points.

Over the year, all ethnic groups showed declines in their unemployment rates. The surveyed (unadjusted) unemployment rates for the September 2001 quarter were 3.8 per cent for European/Päkehä, 12.3 per cent for Mäori, 8.2 per cent for Pacific peoples and 7.5 per cent for the 'Other' ethnic group. This order has remained the same for most of the last four years.

Brian Pink
Government Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:

Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>

ALSO:

Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>

ALSO:

Electricity: New Zealand Remains In Top 10 For Energy Balance

The World Energy Council’s Energy Trilemma Index has become part of the energy dialogue both globally and in New Zealand. The Index illustrates the need for countries to balance energy security, energy equity and environmental sustainability. New Zealand ... More>>

ALSO:


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>

ALSO:

Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>

ALSO: