Great job news

Stats NZ reports:

The seasonally adjusted rate fell to 3.9 percent in the September 2018 quarter, Stats NZ said today.

This is down from 4.4 percent last quarter and is the lowest unemployment rate since the June 2008 quarter, when it was 3.8 percent.

The fall in the unemployment rate in the latest quarter reflected a fall in the number of unemployed people (down 13,000) and a strong rise in employment (up 29,000). This quarter’s employment rate rose to 68.3 percent, the highest rate since the series began more than 30 years ago.

This is great news, and very welcome. Good to see the strong job growth of the last few years continue. Here’s the increase in employment for the last few years to September:

  • 2013: 54,000 or 2.5%
  • 2014: 69,000 or 3.1%
  • 2015: 33,000 or 1.4%
  • 2016: 143,000 or 6.1%
  • 2017: 102,000 or 4.1%
  • 2018: 74,000 or 2.9%

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