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