unemployment tagged posts

New Zealand Unemployment Falls to 5.3%

February 3, 2016 New Zealand Finance

Employment levels in Ne Zealand have reached the highest level in more than 5 years, and, in addition, average wages have also risen over the course of 2015.

In a new press release issued in February 3rd Statistics New Zealand has shown that the unemployment rate in New Zealand over the quarter ending December 2015 has fallen to the lowest level since March 2009.

The current unemployment rate is now estimated to be approximately 5.3 percent, down by 0.7 percentage points compared to the previous quarter.

The unemployment rate is also 0.5 percentage points lower than during the December quarter in 2014.

However, while unemployment has fallen, the rate of employment has also undergone a dip, now sitting 0.6 percentage points lower than a year ago, but 0...

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New Zealand Labour Force Set to Grow

December 17, 2015 New Zealand Taxation

New Zealand taxNew Zealand’s labour force will continue to grow, as more and more people work past retirement age.

The New Zealand labour force is set to see a sizable boost in the next two decades, but the growth rate will decrease over the long-term, according to new information released by Statistics New Zealand on December 17th.

The high levels of migration and the fact that a greater number of Kiwis are working to an older age means that in the short term the labour force will strong upwards pressure.

Currently, the approximate size of the labour force is estimated to be 2.5 million people, although this will rise to 2.7 million in 2023, and 2.9 million by the mid-2030s.

Over the long-term the growth is likely to be reined in, reaching 3.1 million around 2050, and 3.2 million in the 2060s.

It was n...

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Unemployment Still Rising

November 9, 2012 New Zealand Finance

workersMore and more New Zealanders are not in full time employment, and joblessness has hit the highest level in over a decade.

On November 8th Statistics New Zealand released Household Labour Force Survey report for the September quarter, showing that unemployment levels in New Zealand had reached 7.3 percent, compared to a level of 6.8 percent in the previous quarter.

Approximately 13 000 more people were unemployed in the September quarter than in the previous three months, with 10 000 more men and 3 000 more women without work.

The number of people in employment also dropped by approximately 8 000 individuals.

Photo by WSDOT

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Government Supporting Military Training For Unemployed Youth

September 24, 2012 New Zealand Taxation

military training The government is pushing employers around New Zealand to employ more young people, and is encouraging unemployed youth to take advantage of its employment boot camp program.

In a press release issued on September 20th the Prime Minister of New Zealand pledged that the government will provide greater support for programs aimed at helping unemployed youth transition into employment.

The Prime Minister said that he has “…personally written to around 175 employers asking them to take on motivated young people who have completed the LSV [Limited Services Volunteer] course and are ready to work. I will continue to write to employers over the coming months.”

According to John Key, the Limited Services Volunteer (LSV) is “… unique mix of fitness, personal presentation and other employment-focus...

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