Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Unemployment down to 4.9 per cent


Hon Steven Joyce

Minister for Tertiary Education, Skills and Employment

2 November 2016
Media Statement


Unemployment down to 4.9 per cent

Tertiary Education, Skills and Employment Minister Steven Joyce has today welcomed a drop in the unemployment rate to 4.9 per cent, the lowest rate since December 2008.

The latest Household Labour Force Survey (HLFS) shows 35,000 more jobs over the past three months and 3,000 fewer unemployed. Over the past year an additional 144,000 people are in work.

“The Government’s comprehensive economic plan is working for families, as we see more jobs and higher wages helping people get ahead,” says Mr Joyce.

“Average weekly wages are up 1.9 per cent in the past year, compared with inflation of 0.2 per cent. This was influenced by wage settlements for nurses, teachers and the police.

“Labour market participation is now 70.1 per cent, the highest since the series began in 1986. This reflects 33,000 more people in the labour force for the quarter. The employment rate for people 15-years and over was 66.7 per cent, the second highest in the OECD.

“It’s great to see that regional unemployment has decreased, particularly on the West Coast, Manawatu/Whanganui, Northland, Waikato and Wellington.”

Other highlights include:

· Fewer unemployed women, down to 5.1 per cent from 5.4 per cent
· The unemployment rate for Maori is 10.6 per cent, down from 12.1 per cent a year ago
· The unemployment for Pasifika is 10.1 per cent, down from 12.3 per cent a year ago
· A new measure showing underutilisation fell from 12.7 per cent to 12.2 per cent over the quarter
· The rate of 15-24 year-olds not in employment, education or training (NEETs) is 11.1 per cent, up 0.3 per cent for the quarter

“For the first time Statistics New Zealand has recorded data on employment relationships which shows that 90 per cent of people in paid employment are in permanent jobs. This confirms the vast majority of New Zealanders are in stable long-term employment,” Mr Joyce says.

“New Zealand has recovered strongly from the Global Financial Crisis and the Government’s comprehensive Business Growth Agenda will continue to create the economic conditions to drive long-term employment growth and higher wages for Kiwis and their families.” Mr Joyce says.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Erebus Memorial In Parnell

Social media can be a wonderful tool for bringing people together in a common cause. It can also be a seedbed and spreader of mis-information on a community-wide scale. To which category do the protests against the siting of an Erebus memorial (to the 257 New Zealanders who died in that tragedy) in a secluded corner of a Parnell park happen to belong? IMO, it is clearly the latter, and the reasons for thinking so are explained below... More>>

 

Government: Border Exceptions Will See More Families Reunited

Hundreds more families who were separated by the border closure will be reunited under new border exceptions announced today, Immigration Minister Kris Faafoi said. More>>

ALSO:

National: Proposed Hate Speech Laws A Step Too Far

Reports of the Government’s proposed new hate speech laws go a step too far and risk sacrificing the freedoms New Zealanders enjoy, National’s Justice spokesperson Simon Bridges says. “The reforms are supposedly including protections to every ... More>>

ALSO:

Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>

ALSO:


PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>

Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels