New Zealand Jobless Rate Rises to 5.9% in Q2

In the second quarter of 2015, New Zealand jobless rate increased to 5.9 percent, while the labour force participation rate fell 0.2 percentage points to 69.3 percent.
Statistics New Zealand | Yekaterina Guchshina | 8/5/2015 12:20:48 AM
“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 the latest quarter, the number of people employed increased 69,000 (3.0 percent) to 2,360,000, while the number of people unemployed increased 10,000 (7.5 percent) to 148,000, as measured by the Household Labour Force Survey.

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 added.

Annual wage inflation, as measured by the labour cost index was down to 1.6 percent, while consumer price inflation remained low (0.3 percent). Average hourly earnings, as measured by the Quarterly Employment Survey, increased 2.8 percent for the year.

New Zealand Jobless Rate Rises to 5.9% in Q2