Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Unemployment rate unchanged as more people enter the labour force
Embargoed until 10:45am  –  06 May 2015

Labour Market Statistics: March 2015 quarter  –  Media Release

The unemployment rate remained at 5.8 percent in the March 2015 quarter (from a revised 5.8 percent in the December 2014 quarter), while the labour force participation rate reached an all-time high of 69.6 percent, Statistics New Zealand said today.

“This is the greatest share of New Zealanders we have ever seen in the labour force. The largest increase came from 20 to 34-year-olds, who accounted for nearly half this year’s increase,” labour market and households statistics manager Diane Ramsay said.

Over the year to the latest quarter, the number of people employed increased 74,000 (3.2 percent) while the number of people unemployed fell 1,000 (0.6 percent), as measured by the Household Labour Force Survey.

“We saw strong employment growth over the year, with Auckland and Canterbury making the most significant contributions,” Ms Ramsay said.

The employment rate was unchanged, at 65.5 percent. However, the rate for men reached its highest level since the December 2008 quarter. The female employment rate was down slightly from last quarter's record high.

Annual wage inflation, as measured by the labour cost index, was steady, at 1.7 percent, while consumer price inflation remained low. Average hourly earnings, as measured by the Quarterly Employment Survey, increased 2.1 percent for the year, the lowest increase since the year to the June 2013 quarter.


March 2015
quarter

Quarterly change

Annual change 

(000)

Percent

Employed

2,355 

+0.7 

+3.2

Unemployed

  146

+2.1

 -0.6 

Filled jobs

1,832

 +1.8  

+3.3

Percent

Percentage points

Employment rate

65.5

0.0

+0.7

Unemployment rate

  5.8

0.0

 -0.2

Labour force participation rate

69.6

+0.2

+0.6

Level

Percent

Average ordinary time hourly earnings

$28.77

0.0 

 +2.1 

Wage inflation (salary and
wage rates, including overtime)

1105

+0.3 

+1.7

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, 6 May 2015

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+