Thursday, November 6, 2014

Latest Stats NZ jobs and wages

The latest jobs and wages data from Stats NZ finds:

  • Employment up 72,000 in last year, being 66,000 full-time and 6,000 part-time
  • Unemployment down 14,000 in last year
  • Labour force up by 57,000
  • Unemployment rate down to 5.4%, from 6.1% a year ago
  • NZ 9th lowest unemployment rate in OECD of 34 countries.
  • Unemployment rate now 0.7% lower than Australia and US, 0.9% lower than UK and 1.5% lower than Canada
  • The NEET (Not in employment, education or training) rate for under 20s down to 7.2% from 8.1% a year ago
  • Average weekly earnings up (over year) 1.8%, being 2.2% in private sector and 1.4% in public sector
  • Average hourly earnings up 2.4%, being 3.0% in private sector and 1.0% in public sector
  • Male hourly earnings up 2.0% and female hourly earnings up 2.7%
    Thanks to David Farrar, Kiwiblog for this summary

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