Q3 2010 HLFS

November 4th, 2010 at 2:13 pm by David Farrar

The third quarter Household Labour Force Survey is out. The headline is that is down 0.5% which is good news. But as always, the interesting stuff is beyond the headline.

  • 22,000 new jobs seasonally adjusted
  • 10,000 of the jobs are FT and 13,000 PT
  • 10,000 fewer unemployed
  • 5,000 re-enter the labour force
  • The number of under 20s in employment continues to decline – has shrunk 15,000 in nine months. This is a result of the stupidity of abolishing the youth minimum wage in 2008. By contrast those aged 20 – 24 have increased by5,000 in the same period.
  • Unemployment in Wellington down to 4.8% despite downsizing public service
  • Job growth is in agriculture, mining, manufacturing, utilities, retail, transport and ICT. Big drop in construction.
  • NZ is ranked 11th out of 33 OECD countries for lowest unemployment rate. The OECD average is 8.5%

So most of the stats are moving the right way, but the under 20s continue to be priced out of employment.

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12 Responses to “Q3 2010 HLFS”

  1. jaba (2,143 comments) says:

    can’t wait for the lefts (Redalrt) spin on this .. it will start “yes, but ……..”

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  2. Bevan (3,924 comments) says:

    I would have thought this is as much to do with the massive fall in retail activity, the jobs (I’m assuming) the majority of under 20s engage in. Supre, Glassons, the Warehouse, K Mart, Dick Smith… they’ll all drop their part-time teens before others.

    Do you realize that you just supported DPF’s point about youth wages?

    Ask yourself why would they drop the under 20’s first? Possibly cause when they compare two employees they need to let go, the 16yo on 12.50/hr or the 21yo on 12.50/hr, they consider the 21yo to be better value for money in the majority of cases – do you think there might be something in that?

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  3. Adolf Fiinkensein (2,903 comments) says:

    Just imagine what the next quarter’s figures would have looked like if Labour and the CTU had succeeded in driving The Hobbit and the whole film industry offshore.

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  4. Chuck Bird (4,896 comments) says:

    DPF says: “The number of under 20s in employment continues to decline – has shrunk 15,000 in nine months. This is a result of the stupidity of abolishing the youth minimum wage in 2008. By contrast those aged 20 – 24 have increased by5,000 in the same period.”

    I would say that also has a lot to do with National voting against a private members bill to reinstate the youth rates.

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  5. kaya (1,360 comments) says:

    Good news if it’s true.

    “Reflecting a common concern, Goldman Sachs economist Philip Borkin said he had some reservations about whether the household survey, which had shown considerable volatility in the previous two quarters, was painting a true representation of the state of the labour market.”

    Statistics, nearly as much voodoo there as there is amongst economists.

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  6. transmogrifier (522 comments) says:

    Most of my Y13s realize that the lack of a youth minimum wage disadvantages them.

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  7. side show bob (3,660 comments) says:

    Shit, Phil of it won’t take this news well. One must have strong unemployment figures, they will breed discontent. How can one give hope to the masses when the masses have hope already.

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  8. dad4justice (8,238 comments) says:

    Talking of “masses” I wonder how many leave this cess pit country to live overseas this year? Man I can’t believe how many people have had enough of this bullshit Nation. Who can blame them for wanting out of this shit hole.

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  9. big bruv (13,929 comments) says:

    “» The number of under 20s in employment continues to decline ”

    Right..so remind me why National did not back Sir Rogers bill to bring back youth rates?

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  10. PaulL (5,987 comments) says:

    remind me why National did not back Sir Rogers bill to bring back youth rates?

    Because they’re weak willed and pathetic, and were paranoid about having to fight an election on the platform of ‘evil baby eating National party cuts wages for our children’.

    Or was that a rhetorical question? :-)

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  11. CJD (333 comments) says:

    Both Nationa and Labour do not really care about youth employment otherwise they would not have voted 117 to 5 against ACT when we tried to re-instate youth rates. It appears that the big parties are far more concerned with image and popularity than serving the people.
    I am slap bang in the middle of my campaign in the Mana by election. While the unemplyment is nowhere near as dire as the anti-Porirua brigade would have you believe, I am dedicated to creating conditions that allow more of our youth on to the first rung of the employment ladder. Better for them to be earning $10 an hour than sitting on a benefit of $4.50 per hour. If National or Labour really cared as much about people as ACT does they would follow this logc.
    Other great initiatives for Porirua would be decetralisation of government departments. WINZ have a site that could be developed to accomodate up to 6000 white collar workers, who would need to buy lunch in the area and spend their money in North City. This would further create youth jobs. This is precisely what ACT in our aspirational fashion is trying to achieve.
    Real jobs driven by market demand and not the ill-conceived governement job programs so beloved by the left.

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