2013 Q3 HLFS
The third quarter Household Labour Force Survey is out. Some key data points:
- Employment up 27,000
- Unemployment down 4,000
- Unemployment rate down 0.2% to 6.2%
- Maori unemployment rate down 0.6% to 12.2%
- Manufacturing jobs up 5,300 (recall the “crisis in manufacturing” claims of the opposition)
- Total hours worked up 1.6% for the quarter and 3.8% for the year
- NZ unemployment rate is 13th lowest of 34 OECD countries, which averages 7.9%
Also from other labour force surveys:
- Salary/wage rates up 0.5% for the quarter and 1.7% for the year
- Weekly gross earnings up 1.8% for the quarter and 5.3% for the year
- Average FT salary for public sector is $69,837 and private sector is $51,934