New Zealand Unemployment Rate Up to 6.4% in Q2

In the second quarter of 2013, New Zealand unemployment rate reached 6.4 percent, up from 6.2 percent in the first three months of 2013, but down from 6.8 percent a year ago. Yet, unemployment rate is still below 2012’s average rate of 6.9 percent and employment slightly went up 0.4 percent, the second quarterly increase in a row, after a fall in 2012.
Statistics New Zealand | Joana Taborda | 8/7/2013 12:16:29 AM

In the June 2013 quarter, the number of unemployed people increased by 5 000 (3.7 percent) to 153 000. Most of this increase came from the number of unemployed men, which rose by 4 000 (5.6 percent). The number of unemployed women also increased, up 2 000 (1.9 percent).

The number of people employed increased 0.4 percent (8 000) to 2 242 000. This followed a 1.7 percent rise in the March 2013 quarter. The rise in employment over the quarter came entirely from a rise in male employment.

The employment rate changed very little, falling 0.1 percentage points to 63.6 percent. This followed a large rise in the March 2013 quarter. The male employment rate increased, for the second quarter in a row, reaching 69.5 percent, while the female employment rate fell to 58.1 percent.

Over the quarter, the labour force participation rate rose from 67.9 percent to 68.0 percent, while the number of people not in the labour force remained unchanged. Over the year, the number of people outside the labour force continued to rise, reflecting an increase in both the number of youth in study and the number of people in retirement.

The Canterbury labour market continued to strengthen, with more people in the labour force and fewer people outside the labour force.

New Zealand Unemployment Rate Up to 6.4% in Q2