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Unemployment up slightly at 5.9 percent
Embargoed until 10:45am  –  05 August 2015

Labour Market Statistics: June 2015 quarter  –  Media Release

The unemployment rate increased to 5.9 percent in the June 2015 quarter (up from 5.8 percent), Statistics New Zealand said today. At the same time, there were 7,000 more people employed over the quarter (up 0.3 percent).

“Even though employment grew over the quarter, population growth was greater, which resulted in a lower overall employment rate for New Zealand,” labour market and household statistics manager Diane Ramsay said.

“Despite lower quarterly growth, this is still the 11th consecutive quarter of employment growth, making it the second-longest period of growth since the period between 1992 and 1996,” Ms Ramsay said.

Over the year to June 2015, employment growth was still fairly strong (at 3 percent) with 69,000 more people employed. The manufacturing industry showed the strongest annual employment growth.

“This is the first time since the December 2013 quarter that the construction industry has not been the largest contributor to annual growth in employment,” Ms Ramsay said.

The vast majority of growth was in Auckland (29,600 people), where the annual employment growth was driven by retail trade and accommodation, followed by construction. Bay of Plenty had the second-highest employment growth, with 11,000 more people being employed over the year.

Annual wage inflation, as measured by the labour cost index, was 1.6 percent, compared with annual consumer price inflation of 0.3 percent.


June 2015
quarter

Quarterly change

Annual change 

(000)

Percent

Employed

2,360 

 +0.3 

+3.0

Unemployed

  148

+1.9

 +7.5 

Filled jobs

1,816

-0.9

+1.9

Percent

Percentage points

Employment rate

65.2

-0.3

+0.4

Unemployment rate

5.9

+0.1

+0.2

Labour force participation rate

69.3

-0.2

+0.6

Level

Percent

Average ordinary time hourly earnings

$29.01

+0.8 

+2.8

Wage inflation (salary and
wage rates, including overtime)

1110

+0.5 

+1.6

See data quality for more information on these indicators and the data sources we use to compile them.

Ends
For media enquiries contact: Diane Ramsay, Wellington 04 931 4600, info@stats.govt.nz
Authorised by Liz MacPherson, Government Statistician, 5 August 2015

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