NZ Employment continues to rise
Employment and labour force participation continue to rise strongly, while unemployment remains at 6.0 percent, Statistics New Zealand said today.
“We’re seeing more people in the labour market, with the participation rate surpassing the previous high in late 2008 before the downturn in the labour market,” labour market and households statistics manager Diane Ramsay said. “The rise in participation is on the back of more people in work, while the number of people looking for work remains unchanged.”
The labour force participation and employment rates both increased 0.4 percentage points over the quarter. “Employment continues to rise, with growth seen across a number of regions, industries, and demographics,” Ms Ramsay said.
Annually, the number of people employed rose 3.7 percent in the Household Labour Force Survey (HLFS). Demand for workers from established businesses rose 2.6 percent in the Quarterly Employment Survey (QES).
Annual wage inflation, as measured by the labour cost index (LCI) salary and wage rates (including overtime), was 1.6 percent. This compares with annual consumer price inflation of 1.5 percent. Average ordinary time hourly earnings, as measured by the QES, rose 2.5 percent over the year.
Article Source: http://www.stats.govt.nz/browse_for_stats/income-and-work/employment_and_unemployment/HouseholdLabourForceSurvey_MRMar14qtr.aspx