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Whats happening in the New Zealand Job market?

According to the Ministry of Business, Innovation and Employment’s outlook to 2019:
  • employment is forecast to continue growing at an average of 2.1% a year
  • the unemployment rate is expected to rise to 6% by March 2017, and then fall to 5% by March 2019
  • the strongest employment growth is expected in construction and related industries, with hospitality and tourism, wholesale and retail trade, and business services also growing
  • employment growth rates are expected to be highest in Marlborough, West Coast and Otago, with the largest employment increases in Auckland and Canterbury
  • highly skilled jobs are expected to increase from 42% to 43% of all jobs and lower skilled jobs are expected to fall from 46% to 45%.

Sources
  • Ministry of Business, Innovation and Employment, 'Quarterly Labour Market Scorecard – February 2016', March 2016, (www.mbie.govt.nz).
  • Ministry of Business, Innovation and Employment, 'Short-term Employment Forecasts: 2016-2019', March 2016, (www.mbie.govt.nz).
  • Statistics New Zealand, 'Labour Market Statistics: December 2015 Quarter', February 2016, (www.stats.govt.nz).

Updated 17 May 2016

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