27 May 2013

Good news all round for New Zealand employment

Statistics New Zealand only releases labour market information every quarter unlike in Australia where the ABS releases labour market data every month. The most recent release for the March 2013 quarter highlighted some excellent news for the New Zealand economy.

Statistics New Zealand reported that, nationally, in the March 2013 quarter, compared with the December 2012 quarter:

  • The number of people employed increased by 38,000 (up 1.7 percent).
    Australia's rise in the equivalent period was 0.8%.
  • The unemployment rate fell 0.6 percentage points, to 6.2 percent.
    Australia's unemployment was 5.5% in March 2013.
  • The number of people unemployed decreased by 15,000 people (down 9.1 percent).
    Australia's unemployed rose by 1.7% in the equivalent period.
  • The labour force participation rate increased 0.6 percentage points to 67.8 percent.
    (Australia:  65.2%)
The most encouraging segment of this data was the growth (listed below) being experienced in the Canterbury region; the area immediately impacted by the February 2011 earthquake.

  • Dec 2010 quarter: 234,900 people employed (fulltime & part-time)
  • March 2011 quarter: 231,700
  • March 2012 quarter: 220,400
  • March 2013 quarter: 235,400
Statistics New Zealand reported that the 6.8 per cent annual increase in employed persons, from the 2012 March quarter to the 2013 March quarter, was the largest annual percentage increase in the Canterbury region since the March 2005 quarter.

Canterbury's fulltime employment for March 2013, compared to the same period 12 months ago, rose 7.6 per cent, with part-time employment climbing a more modest 4.6 per cent.

Statistics New Zealand further noted that the industries with the largest annual rise in filled jobs in Canterbury were construction, healthcare and social assistance, accommodation and food services (hotels, cafes, and restaurants).

Overall it's a very encouraging sign of the Canterbury region returning to economic life after a very tough past 12 months.CLICK TO ENLARGE

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My fearless assistant, Liana, took time out last year to enjoy all that NZ has to offer

1 comment:

  1. Any Aussie Recruiters interested in exploring a career in NZ are welcome to make contact with me too :)