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%.
- 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 2016Click here to edit text