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


Wellington Tops Regional Employment Growth

Wellington Tops Regional Employment Growth

The Wellington region has contributed to much of the better than expected employment figures released today by Statistics New Zealand.

The Household Labour Force Survey recorded employment growth for New Zealand of 1% in the year to September, 20,800 new jobs were created. 18,200 of these were in Wellington according to the survey, a 6.9% increase in employment for the region. There is regional variation, however, with Auckland's employment shrinking 3.1% over the period.

Wellington's working-age population and labour force both grew significantly meaning Wellington's unemloyment rate increased from 3.2% to 3.6% but this was less than the country as a whole.

The figures follow on from data released earlier this week showing that Wellington's wages increased more than the rest of the country over the year to September.

"These figures reinforce anecdotal evidence from businesses that Wellington's labour force has been tight over the last year," said Chamber CEO Charles Finny.

"The job growth puts us in a relatively good position to weather the expected storm as the economy slows.

"We expect there will be increased turnover over the coming months with some sectors losing jobs while other sectors, where skill shortages remain, picking these people up to a certain extent", Mr Finny concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>