Labour market stats

August 7th, 2013 at 1:05 pm by David Farrar

Stats NZ has released:

The labour market is showing signs of improvement, Statistics New Zealand said today. Employment is growing slowly and is down from a year ago, but up slightly since the start of the year. Wage inflation continues to be restrained.

This is the first time Statistics NZ has released the full suite of quarterly labour market statistics on the same day. This is to give a more complete picture of the labour market.

It’s useful to have all three surveys out at the same time, so we do indeed get a more complete picture.

Employment continued to rise in the June 2013 quarter, following a positive March 2013 quarter. Over the June 2013 year, the number of people employed rose 0.7 percent in the Household Labour Force Survey (), while demand for workers from established businesses rose 1.9 percent in the Quarterly Employment Survey (QES).

And in the last quarter:

  • The number of people employed rose 0.4 percent, while filled jobs rose by 0.8 percent, after adjusting for usual seasonal patterns.
  • The seasonally adjusted unemployment rate was 6.4 percent, up from 6.2 percent in the March 2013 quarter. 
  • Annual wage inflation was 1.7 percent.
  • Average hourly ordinary time earnings were up 0.2 percent over the quarter.

The latest quarter saw 8,000 more people in work, but also 5,000 more unemployed, as the labour force grew by 13,000.

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7 Responses to “Labour market stats”

  1. wikiriwhis business (3,883 comments) says:

    Unemployment rises – where are the jobs Paula Bennett? –

    The yawning gap of inequality between the 1% richest and the rest of NZ will swallow an entire generation if we have political leaders who believe in government with a microscopic g, NZ needs bold leadership, and we are waiting for the Opposition to provide it. –

    As the Government throw as many beneficiaries off welfare using whatever bullshit excuse they can come up with, it is interesting to note that despite the proclamations by the right that John Key has somehow ushered in a golden age of economic growth, unemployment surprised all the false banking prophets by rising, not dropping…

    Unemployment rises more than expected
    Westpac economists tipped the rate to rise from 6.2 per cent in the March quarter to 6.3 per cent in the June quarter.

    But BNZ economists expected a slight decrease, with unemployment of 6.1 per cent.

    …so where are all these jobs that these beneficiaries will be forced to do now then Paula Bennett?

    The yawning gap of inequality between the 1% richest and the rest of NZ will swallow an entire generation if we have political leaders who believe in government with a microscopic g, NZ needs bold leadership, and we are waiting for the Opposition to provide it.
    - See more at: http://thedailyblog.co.nz/2013/08/07/unemployment-rises-where-are-the-jobs-paula-bennett/#sthash.CipZTbOx.dpuf

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  2. seanmaitland (455 comments) says:

    @wiki – how do you explain 8,000 more people employed than previously then? That makes your rant a bit embarassing – what you would call ‘ineffectual’.

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  3. wikiriwhis business (3,883 comments) says:

    8,000 are missing from the unemployed stats. Doesn’t mean they are employed

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  4. RightNow (6,679 comments) says:

    Employment rises. Good news.

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  5. Alan (1,064 comments) says:

    Employment rising slower than the growth of the labour force is a bad thing.

    There is no way to spin this as anything other than bad news. Trying to do so is farcical.

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  6. Rick Rowling (801 comments) says:

    where are the jobs Paula Bennett?

    Don’t be so unempowered Wiki.

    So long as Kiwis are sitting back waiting for the gummint to make jobs for them we’re screwed.

    We need kiwis who have the gumption to upskill themselves enough to start their own businesses to employ themselves and/or others, or to have skills that others actually want.

    How depressing to think of someone sitting at home just waiting for Paula Bennett to magic up a job for them.

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  7. Adolf Fiinkensein (2,799 comments) says:

    “…….NZ needs bold leadership, and we are waiting for the Opposition to provide it.”

    Best laugh I’ve had for some time.

    Don’t worry Sonny Jim, by then you’ll be languishing in a rest home somewhere .

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