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

 

Earnings for Older Workers Grow

27 November 2006

Earnings for Older Workers Grow

Filled jobs increased by 4.1 percent for the September 2005 year and by 18.5 percent from the September 2000 year, Statistics New Zealand said today. Figures over a five-year period for the September 2000 and 2005 years show that the greatest increase in jobs was for those aged 55 years and over, with a rise of 48.3 percent for those aged 55–59 years, 67.7 percent for those aged 60–64 years and 109.4 percent for those aged 65 years and over.

Although employees aged 65 years and over had one of the lowest levels of earnings, they had the highest increase in earnings between 2000 and 2005 (39.2 percent). Their average mean quarterly earnings increased from $4,750 to $6,610 between 2000 and 2005. The 15 to 19-year age group was associated with the second largest growth rate in earnings (26.8 percent), which may have been influenced by annual increases in minimum youth wage rates. The 55 to 59-year age group followed with the third largest growth rate in earnings (23.7 percent).

These results come from statistics released today from Linked Employer-Employee Data (LEED). LEED uses information from existing taxation and Statistics NZ sources to provide a range of information on the dynamics of the New Zealand labour market.

Using administrative data allows Statistics NZ to produce new statistics with demographic, regional, and industry detail, without increasing the burden on respondents. Statistics NZ strictly safeguards the privacy, security and confidentiality of individuals' details. No information on a person or specific business can be identified from published LEED statistics. More detailed statistics from LEED are available on the Statistics NZ website (www.stats.govt.nz).

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



Air New Zealand: Relaunching 14 International Routes In 16 Days

Air New Zealand is gearing up for the busiest July in two years with the relaunch of 14 international routes in 16 days... More>>


Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>

BusinessNZ: NZ Economy - Prevailing Headwinds
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery... More>>