New Zealand’s economic recovery is translating into robust employment growth, according to this quarterly report.
This report combines the Ministry of Business, Innovation and Employment’s labour market monitoring programme with the latest developments in the labour market to paint a summary of labour market trends up to the latest quarter.
As well as the latest MBIE employment outlooks, the Quarterly Labour Market Report gives insights into employment trends by industry and region, summarises data on labour supply factors and participation, and presents information on indicators of labour supply and demand matching.
This quarterly research report is released each November, February, May, and August, drawing on the latest data for those periods.
Some key points for this quarter are:
- New Zealand’s economic recovery is translating into robust employment growth, with most growth in full-time positions.
- This quarter has seen the largest annual employment increase since December 2004 with total employment increasing by 3.7 per cent (84,000 employed) over the past year.
- The labour force participation rate stands at 69.3 per cent, its highest level since the data collection series began in 1986.
- The Bay of Plenty experienced the strongest employment growth over the past year with an increase of 12.4 per cent (representing an additional 13,600 employed).