Unemployment figures drop to 4.1% in Taranaki
The latest Household Labour Force Survey (HLFS) shows unemployment fell 0.7 percentage in Taranaki from December 2014 to December 2015 – down to 4.1 per cent says New Plymouth MP Jonathan Young
“This is great news for our region, our workers, and our families,” Jonathan Young said.
“This quarter’s unemployment rate is better than nearly all commentators anticipated. Nationally, unemployment is the lowest in seven years, falling to 5.3 per cent – the lowest since March 2009.
“Across the country, there were an additional 21,000 jobs in the December quarter, and 175,000 more jobs over the past three years.
“While measures move around each quarter, they are consistently showing our employment figures are strong, especially when compared to other developed countries.
“The construction industry led the way with 27,500 more people in the year to December. There was also growth in technicians and trade workers, with 20,800 more employed over the year.
“People are getting more money in their pockets too, with wages continuing to outpace cost of living increases – the average weekly wage was up 3.1 per cent in the past year, compared with inflation of only 0.1 per cent,” Jonathan Young said.
“National’s focus on growing our economy through careful fiscal management, investment, and initiatives such as the Business Growth Agenda is showing results.
“And we are supporting businesses grow and take on new staff with reduced levies, the 90-day trial, and our free trade agenda.
“This Government will continue with its economic programme, which is resulting in more and higher paying jobs for New Zealanders.”