Strong Job Growth Continues 6 May 2015
Related articles
- NZ consumers grow more upbeat, may resume spending Business
- Sick leave expected to increase during World Cup Sport
- NZ migration bolstered by British invasion Migration
- Sludge Report #192: The Naked Budget Columns
- Budget 2010 – Building the Recovery News
- NZ manufacturing activity reaches highest since 04 Business
- Unemployment rate falls from 7.1 to 6 percent Recruitment
- NZ home sales creep up in March, still subdued Property
- NZ economy expands at fastest pace in two years Business
- Positive indicators in labour market Recruitment
6 May 2015
Strong Job Growth
Continues
The latest Household Labour Force Survey
shows ongoing job growth in the New Zealand economy, while a
record labour market participation rate kept the
unemployment level steady at 5.8% in the March
quarter.
Today’s HLFS shows the number of people
employed grew 16,000 in the March quarter and 74,000 over
the year. The participation rate was the highest ever
recorded for New Zealand, at 69.6%.
“It is encouraging to see strong job growth continuing” Tertiary Education, Skills and Employment Minister Steven Joyce says. “We have seen job growth in 16 out of the last 17 quarters, and job growth is running ahead of Treasury predictions.”
“In Budget 2011 Treasury forecast 171,000 more jobs in the four and a half years to June 2015. The current figure of 194,000 is 23,000 more than that target, with one quarter still to run.”
The Quarterly Employment Survey, also released today, shows that hourly wages continue to increase ahead of the cost of living. Average hourly earnings are up 2.1% over the last year, compared with a consumer price index increase of just 0.1 per cent.
Other notable elements from the labour market data released today include:
The South Island unemployment rate has dropped to 3.6%, nearly half of the North Island unemployment rate of 6.9%
There has
substantial growth in Pasifika employment over the last
year, with 17,500 more Pasifika people employed at the end
of March than one year ago
Job growth over the past year
is broad-based across industry sectors with 15,900 more jobs
in manufacturing, 23,300 more in construction, and 13,900
more in retail, accommodation and food services
The number of hours worked grew strongly, up 1.4% in the March quarter
“It is good to see a continuing and robust recovery in the New Zealand employment market.” Mr Joyce said.
“While there is more work to do, the Business Growth Agenda and the Government’s wider economic programme are providing businesses across New Zealand with the ongoing confidence to invest more and grow jobs.”
ends
News
Hilary Timmins' Award-Winning UK Documentary Series To Inspire NZ Students
29 Jun 2020 Education
Dream Catchers, produced and directed by Hilary Timmins, celebrates the success stories of more than thirty inspirational New... more
New Zealand reaffirms support for Flight MH17 judicial process
7 Mar 2020 News
Ahead of the start of the criminal trial in the Netherlands on 9 March, Foreign Minister Winston Peters has reaffirmed the need to... more
Business
NZ Government's Economic package to fight COVID-19
17 Mar 2020 Business News
The Coalition Government has launched the most significant peace-time economic plan in modern New Zealand history to cushion the... more
NZ Government announces aviation relief package
19 Mar 2020 Business News
Transport Minister Phil Twyford today outlined the first tranche of the $600 million aviation sector relief package announced earlier... more
Living
Diversity was Key at New Zealand Trade Tasting in London
6 Jun 2022 Food & Wine
New Zealand Winegrowers Annual Trade Tasting was recently held in London, on Wednesday 4 May, in Lindley Hall.
It was the first... more
Kiwi author stuns Behind the Butterfly Gate
12 Jan 2022 Arts
Hidden behind the Butterfly Gate is where the secret has been kept for 76 years...
New Zealand writer Merryn Corcoran’s... more
Property
Fairer rules for tenants and landlords
17 Nov 2019 Property
17 NOVEMBER 2019
The Government has delivered on its promise to the over one million New Zealanders who now rent to make it fairer... more
New Zealand Government will not implement a Capital Gains Tax
17 Apr 2019 Property
The Coalition Government will not proceed with the Tax Working Group’s recommendation for a capital gains tax, Jacinda Ardern... more
Migration
Boosting border security with electronic travel authority – now over 500,000 issued
19 Nov 2019 Migration
19 NOVEMBER 2019
We’ve improved border security with the NZeTA, New Zealand Electronic Travel Authority, which helps us to... more
Christchurch reinstated as refugee settlement location
18 Aug 2018 Migration
18 AUGUST 2018
HON IAIN LEES-GALLOWAY
The announcement that Christchurch can once again be a settlement location for refugees... more
Travel
Gallipoli Anzac Day services cancelled
19 Mar 2020 Travel & Tourism
The New Zealand and Australian Governments have announced this year’s joint Anzac Day services at Gallipoli will be cancelled... more
New Zealanders advised not to travel overseas
19 Mar 2020 Travel & Tourism
New Zealanders advised not to travel overseas
more
Sport
The Skipper's Diary: Sir Richard Hadlee honouring his father and NZ's Forty-Niners
27 Oct 2019 Cricket
NZNewsUK London Editor Charlotte Everett spoke to Sir Richard Hadlee about why he’s chosen to publish his father’s... more
PREVIEW: All Blacks v England semi-final
26 Oct 2019 Rugby
The two most convincing quarterfinals winners are set to square off in a semifinal showdown for the ages when the All Blacks meet old... more
Columns
Gordon Campbell on the Gareth Morgan crusade
11 Nov 2016 Opinion
Gordon Campbell on the Gareth Morgan crusade
First published on Werewolf
The ghastly likes of Marine Le Pen in France and Geert ... more
Gordon Campbell on the US election outcome
10 Nov 2016 Opinion
Column - Gordon Campbell
Gordon Campbell on the US election outcome
Well um.. on the bright side, there (probably)... more
Kiwi Success
Congratulations to Loder Cup winner
26 Sep 2018 People
25 SEPTEMBER 2018
The Loder Cup, one of New Zealand’s oldest conservation awards, has been awarded to Robert McGowan for 2018... more
Appointments to New Zealand National Commission for UNESCO
16 Aug 2018 Appointments
16 AUGUST 2018Appointments to New Zealand National Commission for UNESCO
HON JENNY SALESA
Associate Education Minister Jenny Salesa is... more
Recruitment
Historic pay equity settlement for education support workers
14 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more
Historic pay equity settlement for education support workers
22 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more