Continued from: 2014 – Ongoing jobless tally
So by the numbers, for this year;
- Otago University: 20 redundancies
- Cavalier Carpets: 22 redundancies (plus management)
- Norman Ellison Carpets: 20 redundancies
- NZ Post: 400 redundancies
- SRX Global: 28 redundancies
- Mana Transport: unknown number of redundancies
- Fishing Camping Outdoors: unknown number of redundancies
- Sanford: 232 redundancies
- Forman Building Systems: 22 redundancies
- Solid Energy: 113 redundancies (*update*)
- Dunedin City Council: 15 redundancies (*update*)
- Southern District Healthboard: 25 redundancies (*update*)
December 2014 quarter – Employment & Unemployment
|Employment at a glance|
|Dec 2014 quarter||Quarterly change||Annual change|
|Labour force participation rate||69.7||+0.7||+0.9|
1. All figures are seasonally adjusted. Data source: Household Labour Force Survey: December 2014 quarter
2. Employed: Includes people who worked one hour (or more) per week, whether paid or unpaid.
3. Statistics NZ has combined the Household Labour Force Survey (HLFS), Quarterly Employment Survey (QES), and Labour Cost Index (LCI) information into one combined Labour Market Statistics release.
March 2015 quarter – Employment & Unemployment
|Quarterly change||Annual change|
|Labour force participation rate||69.6||+0.2||+0.6|
|Average ordinary time hourly earnings||$28.77||0.0||+2.1|
|Wage inflation (salary and
wage rates, including overtime)
The unemployment rate remained at 5.8 percent in the March 2015 quarter (from a revised 5.8 percent in the December 2014 quarter), while the labour force participation rate reached an all-time high of 69.6 percent, Statistics New Zealand said today.
“This is the greatest share of New Zealanders we have ever seen in the labour force. The largest increase came from 20 to 34-year-olds, who accounted for nearly half this year’s increase,” labour market and households statistics manager Diane Ramsay said.
Over the year to the latest quarter, the number of people employed increased 74,000 (3.2 percent) while the number of people unemployed fell 1,000 (0.6 percent), as measured by the Household Labour Force Survey.
“We saw strong employment growth over the year, with Auckland and Canterbury making the most significant contributions,” Ms Ramsay said.
The employment rate was unchanged, at 65.5 percent. However, the rate for men reached its highest level since the December 2008 quarter. The female employment rate was down slightly from last quarter’s record high.
Annual wage inflation, as measured by the labour cost index, was steady, at 1.7 percent, while consumer price inflation remained low. Average hourly earnings, as measured by the Quarterly Employment Survey, increased 2.1 percent for the year, the lowest increase since the year to the June 2013 quarter.
The under-employment stats;
People who are underemployed are those who work part-time, would prefer to work more hours, and are available to do so. In unadjusted terms, the number of underemployed grew by 12 percent over the year. While the number of part-time workers increased over the year, the ratio of people underemployed to employed part-time also rose – from 17.1 percent in June 2013 to 18.7 percent this quarter.
Official under-employment: up
Jobless: people who are either officially unemployed, available but not seeking work, or actively seeking but not available for work. The ‘available but not seeking work’ category is made up of the ‘seeking through newspaper only’, ‘discouraged’, and ‘other’ categories.
Under-employment: employed people who work part time (ie usually work less than 30 hours in all jobs) and are willing and available to work more hours than they usually do.
Employed: people in the working-age population who, during the reference week, did one of the following:
worked for one hour or more for pay or profit in the context of an employee/employer relationship or self-employment
worked without pay for one hour or more in work which contributed directly to the operation of a farm, business, or professional practice owned or operated by a relative
had a job but were not at work due to: own illness or injury, personal or family responsibilities, bad weather or mechanical breakdown, direct involvement in an industrial dispute, or leave or holiday.
Statistics NZ: Household Labour Force Survey
[To be periodically up-dated]
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