Monthly labour market fact sheet

The monthly labour market fact sheet summarises high-frequency and timely data and surveys with a focus around the impact of COVID-19 on the labour market. It is designed to supplement the quarterly labour market snapshot.

About the report

The fact sheet presents key statistics on:

  • Filled jobs
  • Benefit recipients
  • Jobseeker Benefit recipients
  • Online job advertising

The overview of the most recent month is below with the PDFs for all months at the bottom of the page. 

The next publication is on 22 February 2023. 

Overview — December 2022

Headline quarterly statistics

Data up to September 2022 quarter

Measures Sep-21 Dec-21 Mar-22 Jun-22 Sep-22
Employment 2,819,000 2,818,000 2,818,000 2,817,000 2,853,000
— Paid Employee or Employer 2,432,400 2,453,700 2,441,500 2,445,400 2,462,600
— Self-employed 351,300 352,800 355,200 339,800 359,100
Employment Rate 68.7% 68.8% 68.6% 68.6% 69.3%
Participation Rate 71.1% 71.0% 70.9% 70.9% 71.7%
Underutilisation 276,000 276,000 280,000 277,000 273,000
— Unemployment 97,000 93,000 94,000 96,000 97,000
— Underemployment 96,000 101,000 94,000 95,000 99,000
— Potential Labour Force 83,000 82,000 91,000 86,000 77,000
Underutilisation Rate 9.2% 9.2% 9.3% 9.2% 9.0%
Unemployment Rate 3.3% 3.2% 3.2% 3.3% 3.3%
Not in the Labour Force 1,185,000 1,187,000 1,194,000 1,196,000 1,167,000
Youth Not in Employment, Education or Training (NEET) 78,000 70,000 74,000 77,000 74,000
NEET Rate 12.2% 11.0% 11.6% 12.1% 11.5%
Average Weekly Hours Paid (per FTE) 38.82 38.98 38.79 38.80 39.00

Source: All measures are from the Household Labour Force Survey except for average weekly hours paid, which is from the Quarterly Employment Survey. Labour Market Statistics, Stats NZ (Data to September 2022 quarter, next release on 01/02/2023). All the data except Paid Employee or Employer and Self-employed are seasonally adjusted.

The recent story

The New Zealand labour market remains resilient with the unemployment rate remaining unchanged (Household Labour Force Survey). Labour remained the top constraint for businesses in the September quarter 2022, with the proportion reporting finding labour as their primary business constraint increasing from 37 per cent to 43 per cent (Quarterly Survey of Business Opinion (QSBO)).

Filled jobs increased by 2.0 per cent over the year to October 2002, the rate was highest among those aged 15 to 19 years. Filled jobs grew in most industries, with the biggest increases in the Information media & telecommunications and Electricity, gas, water & waste services industries. Growth in filled jobs was steady across New Zealand, except in the Hawke’s Bay region where filled jobs fell by 0.2 per cent.

In line with a trend since mid-March 2022, the proportion of New Zealanders on a main benefit was stable at 11.1 per cent of all people in the working-age population. A slight fall of 0.3 percentage points over the year to 2 December 2022 can be attributed to a fall in Jobseeker Support recipients who were work ready (down 6,084 people) or had a health condition or disability (down 9,825 people).

In contrast, some recent labour market indicators show there may be softening in demand for labour. Over the year to September 2022, difficulty finding skilled labour was up 14 percentage points to 58 net negative per cent, indicating that it was easier to find skilled labour (QSBO). Employment intentions eased in November 2022 (4 net negative per cent), the first negative result since October 2020. Intentions were lowest in the Construction industry (19 net negative per cent) (ANZ New Zealand Business Outlook: November 2022). The ANZ results follow the Reserve Bank increasing the official cash rate as inflation is at near record levels (Reserve Bank, Monetary Policy Statement November 2022).

Further, Jobs Online’s All Vacancy Index (AVI) fell by 3.2 per cent in the year to November 2002, the last annual fall was in July this year. The fall follows weakening annual growth in the AVI over the August to October 2022 period. Online job advertisements grew for two out of the eight occupation groups. The strongest growth continued to be for Community & personal services. Over the year to November 2022, online advertising fell in all five broad regions, with the largest softening in the Wellington region (by 6 per cent).

All recent fact sheets

Last updated: 22 November 2022