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National Labour Force Projections: 2006(base)–2061 (August 2012 update)
Embargoed until 10:45am  –  29 August 2012
Key facts

National labour force projections give an indication of New Zealand's future labour force.

The projections indicate:

  • New Zealand's labour force will continue to grow, but the growth rate will slow.
  • The labour force will age, reflected in a rising median age and an increasing proportion of the labour force in the older ages.

The median projection indicates:

  • New Zealand's labour force (2.4 million in 2012) will increase to 3.0 million in 2036 and 3.3 million in 2061.
  • The labour force aged 65+ (130,000 in 2012) will increase to 370,000 in 2036 and 460,000 in 2061.
  • The proportion of the labour force that is aged 65+ (5 percent in 2012) will increase to 13 percent in 2036 and 14 percent in 2061.
  • The proportion of the 65+ population in the labour force (the labour force participation rate) (21 percent in 2012) will increase to about 30 percent from the mid-2020s.

Graph, New Zealand labour force, from 1991 to 2061.

Graph, Age distribution of labour force, from 1991 to 2061.

 

Geoff Bascand
Government Statistician
29 August 2012
ISSN 1178-0606
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