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


Labour force participation reaches record high

More people seek work as labour force participation reaches record high – Media release

4 February 2015

The unemployment rate rose to 5.7 percent in the December 2014 quarter, while the labour force participation rate reached a record 69.7 percent, Statistics New Zealand said today.

“Employment didn’t keep up with the record number of people entering the labour force, so even though employment growth was also strong over the quarter, the unemployment rate increased," labour market and households statistics manager Diane Ramsay said.

Annually, the number of people employed rose 3.5 percent in the Household Labour Force Survey (HLFS). While Auckland and Canterbury remain key contributors to national employment growth, employment growth in Canterbury eased in the year to the December 2014 quarter compared with previous quarters.

In the Quarterly Employment Survey (QES), the number of filled jobs reported by businesses rose 2.5 percent.

Annual wage inflation, as measured by the labour cost index (LCI), increased 1.8 percent, compared with annual consumer price inflation of 0.8 percent. Average hourly earnings (QES) rose 2.6 percent over the year.

December 2014 quarterQuarterly changeAnnual change
Employed2,375 +1.2 +3.5
Unemployed 143+5.8 -2.6
Filled jobs1,800 +0.1 +2.5
PercentPercentage points
Employment rate65.7+0.4+1.0
Unemployment rate 5.7 +0.3 -0.3
Labour force participation rate69.7 +0.7+0.9
Average ordinary time hourly earnings$28.77+0.5 +2.6
Wage inflation (salary and wage rates, including overtime)1102+0.5 +1.8

Our labour market indicators include the HLFS, QES, and LCI. The HLFS is a broad measure of labour market activity by individuals, while the QES measures demand by established firms for paid work and hourly earnings. The LCI is a measure of wage inflation. Results from all three surveys are based on representative samples from across New Zealand.

Explaining labour market statistics has more information on these indicators.



© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>

Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>