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

 

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: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... 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>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>