Quarterly Labour Market Scorecard

The Labour Market Scorecard was a quarterly update of labour market statistics and indicators. It provided an overview of the state of the labour market.

About the report

The scorecard presented key indicators on:

  • Labour demand (e.g. employment, annual growth)
  • Labour market matching (e.g. unemployment, underutilisation, NEET rates, job vacancies)
  • Labour supply (e.g. participation rates, migration)
  • Labour quality (e.g. qualifications – school and tertiary)
  • Workforce performance (e.g. skilled occupation rate, employee confidence, health and safety)

The scorecard was provided to Ministers within a day of each new release of the Labour Market Statistics, published by StatsNZ every November, February, May and August. It was then published here shortly after. The Quarterly Labour Market Scorecard has been discontinued. Ministers are now provided with the Labour Market Statistics Snapshot.

Glossary of terms and sources

Indicator

Measure

Source

Definition

Economic Growth

Gross Domestic Product

Stats NZ, National Accounts

Production measure, seasonally adjusted chain-volume series expressed in 2009/10 prices.

Labour demand

Employment

Stats NZ , Household Labour Force Survey (HLFS)

Seasonally adjusted, number of people in employment in the working-age population.

 

Employment by industry

HLFS

Employment by industry (ANZSIC 2006).

 

Full-time/part-time employment growth

HLFS

Full time = 30 hours per week or more. Figures are not seasonally adjusted.

 

Employment by gender

HLFS

Employment by gender. Figures are not seasonally adjusted.

 

Consensus employment forecasts

NZ Institute of Economic Research

An average of New Zealand economic forecasts compiled from a survey of financial and economic agencies.

 

Employment by region

HLFS

Number of people in employment by region. Figures are not seasonally adjusted.

Labour market matching

Unemployment rate

HLFS

Seasonally adjusted, number of unemployed divided by total labour force.

 

Unemployment by gender, ethnicity and long-term unemployed

HLFS

Unemployment rate by ethnicity for total response ethnic group. Long-term unemployment (more than 6 months) excludes duration not specified.

 

Underutilisation rate by gender

HLFS

Seasonally adjusted number of underutilised persons/extended labour force. Underutilisation rate includes people who are either unemployed, underemployed or in the potential labour force.

 

Youth NEET

HLFS

Seasonally adjusted, people aged 15-24 not in employment, education or training (includes those caring for children or others).

 

Job vacancies

Ministry of Business, Innovation & Employment (MBIE), Jobs Online

All Vacancies Index - trend series of advertised vacancy growth on the main internet job boards.

 

Vacancies per applicant

SEEK NZ, SEEK Employment Index

Trend series of change in the number of vacancies per applicant on the SEEK internet job board. As the index goes up there are fewer applicants for each vacancy and is consistent with a fall in surplus labour. SEEK had been re-indexed the data to 2010.

 

Difficulty finding skilled labour

NZIER, Quarterly Survey of Business Opinion (QSBO)

Difficulty in finding the skilled staff you want today compared with three months ago - % of firms finding it harder minus % of firms finding it easier – a score above zero indicates it is getting harder to find skilled staff.

 

Unemployment by region

HLFS

Unemployment rate by region. Figures are not seasonally adjusted.

Labour supply

Labour force participation rate

HLFS

Seasonally adjusted, total labour force divided by working age (15+) population.

 

Labour force participation rate by gender

HLFS

Seasonally adjusted, labour force participation rate by gender.

 

Labour force participation rate by ethnicity

HLFS

Participation rate by ethnicity for total response ethnic group.

 

Migration

Stats NZ, International travel and migration

Net permanent and long-term migration per year, taken from StatsNZ calculated provisional migration estimates. These estimates were first produced for November 2018 and are based on modelling of migration outcomes using administrative border crossing data.

 

Departures to Australia

Stats NZ, International travel and migration

Total permanent and long-term departures to Australia per year by NZ citizens.

 

Retirement rates

Stats NZ, National Labour Force Projections

MBIE calculations of the net number of people aged 50 years and over who will leave the labour force each year, based on Stats NZ median scenario labour force projections (50th percentile).

 

Immigration Approvals

MBIE, Migration Trends & Outlook

Previous year and year-to-date number of people approved to work under the Essential Skills Policy.

 

Participation rate by region

HLFS

Participation rate by region. Figures are not seasonally adjusted.

Labour quality

Qualification attainment rate (25-34 year olds with level 4+ quals)

Ministry of Education, HLFS

Number and share of 25 to 34 year olds first time completions of a qualification at NCEA level 4 or above.

 

Degree holders in the workforce

MBIE estimates based on HLFS

Number of people with a Bachelor's degree or higher, aged 15-64 years in the labour force divided by total population aged 15-64 years.

 

18 year olds with NCEA level 2 or higher

Ministry of Education

Rate of 18 year olds attaining at least NCEA level 2 or equivalent qualification.

 

School leavers with less than NCEA level 1

Ministry of Education

School leaver qualifications - those with little or no qualifications.

 

Qualification attainment rate by region (25-34 year olds with level 4+ quals)

MBIE estimates based on HLFS

Number and share of 25 to 34 year olds first time completions of a qualification at NCEA level 4 or above, split by region. Reported as annual average.

Workplace performance

Skilled occupation rate

MBIE, Direct Estimate of Employment (DEE)

Number of people employed in a skilled occupation (ANZSCO level 1-3)/ total number of employed people. These estimates are prepared using 2013 Census data and are not comparable to previously published estimates.

 

Private sector productivity related wage growth

Stats NZ, Labour Cost Index (LCI)

New wage growth measure. This is the difference between the unadjusted labour cost index (which includes productivity related pay increases, for example due to performance or experience) and the adjusted (official) Labour Cost Index (which removes these sorts of increases, and is a pure wage inflation measure).

 

Work-related fatal injuries

Accident Compensation Corporation (ACC); WorkSafe NZ; Statistics New Zealand, Serious Injuries Outcome Indicators

Age standardised rates. The rates are per 100,000 person years at risk. Three-year moving averages are calculated, no data presented for 2010.

 

Work-related serious non-fatal claims

ACC; Ministry of Health, National Minimum Dataset; Statistics New Zealand, Serious Injuries Outcome Indicators

Age standardised rates. The rates are per 100,000 person years at risk.

 

Labour market efficiency

World Economic Forum, Annual Global Competitiveness Report

Measure based on an international opinion survey of business executives, incorporating “cooperation in labour-employer relations, flexibility of wage determination, rigidity of employment, hiring and firing practices, firing costs, pay and productivity, reliance on professional management, brain drain and female participation in the labour force.”

 

Employment confidence

Westpac McDermott Miller Employment Confidence Index (survey of employees)

Index based on measures of employee perceptions of future job prospects, job security and earnings growth: index is net measure of positive and negative perceptions, 100 = neutral.