Tables 4&5 - Labour Market Indicators
|
Annual Average Percentage Change March Year |
2010 Actual |
2011 Estimate |
2012 Forecast |
2013 Forecast |
2014 Forecast |
2015 Forecast |
|---|---|---|---|---|---|---|
| Real GDP (production basis) | -0.7 | 1.0 | 1.8 | 4.0 | 3.0 | 2.7 |
| Working Age Population | 1.4 | 1.3 | 1.0 | 1.0 | 1.1 | 1.1 |
| Labour Force | 0.7 | 1.3 | 0.6 | 1.2 | 1.5 | 1.2 |
| Employment - Total | -1.3 | 0.9 | 1.1 | 2.5 | 1.8 | 1.3 |
| Labour Productivity * | 2.0 | -1.2 | 1.3 | 1.5 | 1.2 | 1.5 |
| CPI (annual percentage change) | 2.0 | 4.5 | 3.1 | 2.4 | 2.5 | 2.6 |
| Average Ordinary Time Hourly Wages | 3.1 | 1.7 | 3.6 | 4.1 | 4.1 | 4.1 |
| Average Weekly Earnings | 3.4 | 2.8 | 3.4 | 4.0 | 4.0 | 4.0 |
| Real Wages | 1.2 | -1.2 | -0.5 | 1.5 | 1.5 | 1.6 |
| Compensation of Employees | 1.1 | 3.4 | 4.5 | 6.5 | 5.9 | 5.3 |
| Unit Labour Costs (Hours worked basis) | 1.1 | 2.9 | 2.3 | 2.5 | 2.9 | 2.5 |
| Real Unit Labour Costs | -0.7 | 0.0 | -1.8 | -0.1 | 0.3 | 0.0 |
* Hours worked basis
Sources: Statistics New Zealand, The Treasury
|
Number (000's) As at March Quarter |
2010 Actual |
2011 Estimate |
2012 Forecast |
2013 Forecast |
2014 Forecast |
2015 Forecast |
|---|---|---|---|---|---|---|
| Total Population | 4,362 | 4,396 | 4,431 | 4,470 | 4,515 | 4,556 |
|
35 | 28 | 34 | 31 | 29 | 30 |
|
21 | 6 | 0 | 8 | 15 | 11 |
|
56 | 34 | 35 | 40 | 44 | 41 |
| Working Age Population | 3,412 | 3,452 | 3,484 | 3,519 | 3,558 | 3,596 |
|
51 | 40 | 32 | 36 | 39 | 37 |
| Not in the labour force (s.a.) | 1,087 | 1,092 | 1,115 | 1,114 | 1,121 | 1,132 |
|
27 | 5 | 22 | 0 | 6 | 11 |
| Labour Force (s.a.) | 2,316 | 2,349 | 2,360 | 2,398 | 2,431 | 2,458 |
|
20 | 33 | 12 | 38 | 33 | 27 |
| Total Employment (s.a.) | 2,176 | 2,190 | 2,225 | 2,282 | 2,315 | 2,345 |
|
-2 | 14 | 36 | 57 | 33 | 30 |
| Unemployment (s.a.) | 140 | 159 | 135 | 116 | 116 | 113 |
|
23 | 19 | -24 | -19 | 0 | -3 |
| Participation Rate (% s.a) | 68.1 | 68.0 | 67.8 | 68.1 | 68.3 | 68.4 |
| Unemployment Rate (% s.a) | 6.0 | 6.8 | 5.7 | 4.8 | 4.8 | 4.6 |
Sources: Statistics New Zealand, The Treasury
