2013 Q3 HLFS

The third quarter Household Labour Force Survey is out. Some key data points:

  • Employment up 27,000
  • down 4,000
  • Unemployment rate down 0.2% to 6.2%
  • Maori unemployment rate down 0.6% to 12.2%
  • Manufacturing jobs up 5,300 (recall the “crisis in manufacturing” claims of the opposition)
  • Total hours worked up 1.6% for the quarter and 3.8% for the year
  • NZ unemployment rate is 13th lowest of 34 OECD countries, which averages 7.9%

Also from other labour force surveys:

  • Salary/wage rates up 0.5% for the quarter and 1.7% for the year
  • Weekly gross earnings up 1.8% for the quarter and 5.3% for the year
  • Average FT salary for public sector is $69,837 and private sector is $51,934

 

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