Canterbury labour market
The Quarterly Canterbury Job Matching Report for the September 2016 quarter was released on 22 February 2017 by the Ministry of Business, Innovation and Employment. The report provides employment demand and supply information on the Canterbury rebuild and wider recovery.
Some key findings for this quarter are:
- At 72.0 per cent, the labour force participation rate is near an historic high, and up slightly from 71.7 per cent in the September 2015 quarter.
- The unemployment rate is 3.9 per cent, up slightly from 3.6 per cent in the September 2015 quarter.
- The difficulty faced by businesses in sourcing skilled workers is increasing, while unskilled workers are becoming easier to find.
- Local labour supply is tight and is expected to remain so for the next three years as work continues on the rebuild.
- Migrants are a major source of increased labour supply, with beneficiaries moving off benefits also contributing.
- Modelling shows that the rebuild reached a ceiling of output at approximately $1.2 billion per quarter in mid-2014, and is likely to continue at this level until around mid-2017.