December 2011 HLFS

February 10th, 2012 at 11:00 am by David Farrar

The December 2011 Household Labour Force Survey found the following:

  • Seasonally adjusted employment up 4,000 for the quarter and 35,000 for the year
  • Seasonally adjusted down 7,000 for the quarter and 6,000 for the year
  • Seasonally adjusted labour force down 3,000 for the quarter but up 28,000 for the year
  • Seasonally adjusted unemployment rate down to 6.3%. Was 6.7% a year ago.
  • Under 20s unemployment rate up from 23.4% to 24.2%
  • Of 34 OECD countries, NZ unemployment rate is 12th lowest
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7 Responses to “December 2011 HLFS”

  1. Dave A (61 comments) says:

    Of 34 OECD countries, NZ unemployment rate is 12th lowest

    Under the ghastly Liabour Government, NZ vied quarter after quarter with Korea for the lowest unemployment rate in the OECD.

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  2. Jinky (169 comments) says:

    Where are all the jobs the national cycleway was going to create?

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  3. Jinky (169 comments) says:

    1 in 4 under 20s with nothing to do. No purpose in their day and nothing to create a sense of belonging and boost their self-esteem. Been in that situation (Thatcher’s Britain) and know how hard it was to keep on trying for jobs after being turned away over & over again. I think it’s potentially such a huge problem that all parties need to work together on this and not just use it as a political point scoring blame game. These are real people and if we fail to get them into work of some kind then these are the long term unemployed of the future. NZ can’t afford to have so many young people in this situation.

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  4. david c (254 comments) says:

    Jinky your comment is so wonderfully sensible and pragmatic that I dare say you should prepare to be flamed.

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  5. gravedodger (1,509 comments) says:

    Continuing with the idiotic “legislating for wealth” stupidity increased this week by $20 a week, the under 24 demographic is set to create even more lives ruined by not learning the transition steps from school/home to a job/independence status and further entrenchment of serial unemployment.

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  6. berend (1,631 comments) says:

    Our unemployment rate doesn’t mean a thing as everyone with a marketable skill moves across the ditch when there’s no work.

    But wait, if that’s true, it means we have a terrible unemployment:all these people unemployed are probably unemployable and can’t or won’t move.

    And National is making it even harder with making sure my kids can’t get jobs as the minimum wage will make it uneconomic to employ them. Self-service and robots become more attractive by the day. Which will increase our unemployment problem even further.

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  7. nzclassicalliberal (34 comments) says:

    David C,

    Pragmatism requires practicality and realism.

    Saying, in effect, “why can’t we all just get along?” is neither practical nor realistic. It is the very opposite of pragmatism. It is simply wishful thinking.

    Jinky,

    All parties agree on the existence of the problem, but there’s no point insisting that they agree on the solution. For a start, there is irreconcilable gap between the parties as to whether government represents a solution to youth unemployment, or is in fact the cause of it. If you can’t agree on that, you’ll never agree on the solution.

    Moreover, given the gulf in opinions as to the cause of youth unemployment, agreement on the solution between the parties would be dangerous. What if they simply agreed on a politically expedient solution that was totally counter productive? Debate on the subject is far more useful than faux consensus.

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