NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Economy / Employment

Employment tally tipped to rise

Brian Fallow
By Brian Fallow
Columnist·NZ Herald·
4 Nov, 2012 04:30 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Some job hunters take a very direct approach in their search for gainful employment. Photo / Paul Estcourt

Some job hunters take a very direct approach in their search for gainful employment. Photo / Paul Estcourt

Economists expect better-looking numbers when the September quarter jobs data are released on Thursday.

That is partly because the June quarter's 6.8 per cent unemployment rate and drop in employment looked, in the words of Westpac economist Felix Delbruck, "too bad to be true".

A Reuters survey of market economists' forecasts of the September unemployment rate range from 6.6 to 6.9 per cent, with the median at 6.7 per cent.

Employment is expected to rise 0.3 per cent, after a 0.1 per cent decline in June.

The unemployment rate has wobbled around a flat trend line of 6.6 per cent over the past three years as employment growth has only just kept pace with growth in the workforce.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"Not a jobless recovery, just a slow one" is the title of an analytical note by Reserve Bank economists Rebecca Craigie, David Gillmore and Nicolas Groshenny, which compares the current recovery with previous ones.

Compared with the recoveries from the 1991-92 and 1997-98 recessions both economic and employment growth have been subdued this time.

But employment growth has been stronger relative to GDP growth than previous recoveries, and growth in hours worked has outpaced employment growth.

Advertisement
Advertise with NZME.

That implies particularly low productivity growth, they point out.

In the September quarter labour market indicators softened.

The Institute of Economic Research's quarterly survey of business opinion recorded a second consecutive decline in the net balance of firms hiring.

Firms also reported that skilled labour had become easier to find.

Discover more

Opinion

Govt housing plan misses mark

31 Oct 04:30 PM
Economy

Businesses show decline for third year running

31 Oct 04:30 PM
Energy

Govt floats mining tax shake-up

01 Nov 04:30 PM
Opinion

Russel Norman: NZ has to live within its means again

01 Nov 04:30 PM

The Westpac McDermott Millers employment confidence index, based on a survey of households, recovered modestly in the September quarter, but is still at the second lowest level since the recessionary trough of mid-2009.

ANZ said its job advertisements indicator suggested the unemployment rate would rise towards 7 per cent over the next six months.

Delbruck is picking 0.3 per cent employment growth and an unemployment rate of 6.7 per cent in line with the consensus. The household labour force survey has been plagued by a seesaw pattern, with unexplained dips tending to be followed by rebounds, he said.

In the first half of 2012, when GDP expanded by 1.6 per cent, employment growth had been dismal, not even keeping pace with population growth, while the unemployment rate rose from 6.4 per cent in December 2011 to 6.8 per cent in June.

Some of that weakness should be chalked up to sampling error, implying a statistical "bounce" in this week's numbers, he said.

"We are also mindful of the increasingly two-speed nature of the economy and the labour market," Delbruck said.

Advertisement
Advertise with NZME.

"The Canterbury rebuild is picking up rapidly while other regions and industries are sagging.

"There's a risk the surveys are understating that localised strength."

Sampling error notwithstanding, politicians are likely to focus on manufacturing employment numbers in Thursday's data.

The manufacturing sector employs about 12 per cent of employees.

At 246,500 in the June quarter it was up 1800 on a year earlier but down 20,000 or 7.4 per cent on the same quarter of 2008.

At 6.8 per cent New Zealand's unemployment rate only just makes the better half of the OECD rankings and compares badly with Australia's 5.4 per cent.

Advertisement
Advertise with NZME.

But the statisticians count people as unemployed only if they are actively looking for work, otherwise they are counted as jobless but not in the labour force.

The employment rate, by contrast, measures the proportion of the population aged between 15 and 64 who are employed.

At 72.6 per cent New Zealand has the seventh highest OECD employment rate and is slightly ahead of Australia on 72.5 per cent.

Save

    Share this article

Latest from Employment

Premium
Business|economy

Jobless rate better than expected, part-time worker increase credited

07 May 03:30 AM
Employment

Unemployment remains unchanged at 5.1%

06 May 10:50 PM
Premium
Property

'Decades of experience' – Craig Heatley company, Hoppers plan $220m marina

06 May 02:00 AM

One tiny baby’s fight to survive

sponsored
Advertisement
Advertise with NZME.

Latest from Employment

Premium
Jobless rate better than expected, part-time worker increase credited

Jobless rate better than expected, part-time worker increase credited

07 May 03:30 AM

The labour market remained weak and disinflationary, economists say.

Unemployment remains unchanged at 5.1%

Unemployment remains unchanged at 5.1%

06 May 10:50 PM
Premium
'Decades of experience' – Craig Heatley company, Hoppers plan $220m marina

'Decades of experience' – Craig Heatley company, Hoppers plan $220m marina

06 May 02:00 AM
Premium
Unemployment set to rise to highest level in nearly a decade

Unemployment set to rise to highest level in nearly a decade

04 May 05:00 PM
Connected workers are safer workers 
sponsored

Connected workers are safer workers 

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP