New Zealand employment decreases 0.9% in March quarter


In the March 2007 quarter the number of FTEs decreased 0.9 percent from the previous quarter.This decrease was due to the seasonal influence of the education industry.

The number of FTEs increased 1.6 percent for the March 2007 year. This was mainly driven by the property and business services, construction, and health and community services industries.
Stronger annual growth in full-time employment than in part-time employment continues. Fulltime employment increased 2.0 percent for the March 2007 year, mainly driven by the property and business services, construction, and health and community services industries. Part-time employment showed a non-significant movement of -0.7 percent.
Over the current business cycle, robust economic activity has increased labour demand, resulting in record low levels of unemployment. At present, firms’ employment intentions remain above average, while the supply of workers has become increasingly scarce. The labour market is expected to remain tighter for longer than projected in the March Statement, in line with the more gradual easing in economy-wide capacity pressures that we now project.

 


Statistics New Zealand, Reserve Bank of New Zealand
6/18/2007 9:33:49 AM