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

 

Strong Employment Growth in the Wellington Region

MEDIA RELEASE

10 November 2006


Strong Employment Growth in the Wellington Region

The latest employment figures from Statistics New Zealand point to further buoyancy in the Wellington economy according to Wellington Regional Chamber of Commerce.

“The September 2006 quarter Household Labour Force Survey reveals a marked improvement in employment growth in the Wellington region”, said Chamber Chief Executive, Charles Finny.

“The survey shows that there were 31,100 jobs created in the Wellington region in the last 12 months. This compares with 31,200 for the country as a whole.

“This comes on the back of significant growth in Wellington’s working age population over the last year – the largest regional increase in terms of numbers and second only in percentage terms to Bay of Plenty.

“Wellington’s labour force participation rate of 70.2% is very high compared with the national average of only 68.0% (not seasonally adjusted).

“With an unemployment rate of 3.7%, Wellington’s is still marginally above the national rate of 3.6% (not seasonally adjusted) but this is unsurprising given the growth in its population and labour force participation.

“Our analysis suggests that in spite of a couple of prominent closures, new businesses starting up and a significant number of other enterprises taking on more people have driven the job growth.

“The figures are consistent with the Chamber’s latest business confidence survey which shows increasing employment intentions amongst businesses in the Wellington region.

“Wellington’s performance in the labour market relative to other economic indicators has let it down in recent times and so these latest employment figures are encouraging.

“However, much more needs to be done to both keep existing positions and bring new jobs to Wellington which is why the Wellington Regional Strategy, currently being put together by the region, is so important,” Mr Finny concluded.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>