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Quarterly Employment Survey: June 2014 quarter
Embargoed until 10:45am  –  06 August 2014
Commentary

The Quarterly Employment Survey (QES) is a business survey that measures the number of jobs, paid hours, and earnings for economically significant businesses.

See the Household Labour Force Survey (HLFS) and Labour Cost Index (LCI) for complementary labour market and wage inflation measures.

See data quality for detailed information on differences between the HLFS and QES.

Employment, hours, gross earnings, and average weekly earnings figures in this release are seasonally adjusted unless otherwise stated. Hourly earnings figures, and subnational and industry estimates in the QES are not seasonally adjusted. LCI figures are not seasonally adjusted.

Annual growth in full-time jobs highest in over nine years

Full-time jobs increased 4.6 percent in the year to the June 2014 quarter, the highest since September 2004 quarter. Overall, filled jobs increased 2.3 percent in the year to the June 2014 quarter, as New Zealand businesses continued to fill their demand for labour. The largest contributions to the rise in filled jobs came from three industries:

  • accommodation and food services
  • professional, scientific, technical, administrative, and support services
  • construction. 

The Auckland region added more filled jobs in the June 2014 year and had a higher rate of growth than all other regions. However, the Canterbury region still has a higher rate of growth in filled jobs than Wellington and the rest of New Zealand. An experimental jobs indicator based on administrative data shows a 9.7 percent increase in filled construction jobs in the Canterbury region over the April 2014 year.

Total paid hours increase 3.6 percent

Paid hours increased 3.6 percent in the year to the June 2014 quarter.  This was mainly caused by the higher number of filled jobs. There was only a small increase in the average employee’s weekly paid hours (0.1 percent).

 

Growth in average earnings steady

While businesses are filling their demand for work, the average amount employers pay per hour of labour continues to rise on average between 2 and 3 percent annually.

The QES and the labour cost index (LCI) are complementary wage measures. See data quality to find out about the conceptual differences between the two measures.

  • The QES average hourly earnings increased 2.5 percent. This measures the average hourly wage bill across all jobs.
  • The LCI increased 1.6 percent. This is a measure of wage inflation, reflecting changes in the rates that employers pay to have the same job done to the same standard.
  • The unadjusted LCI increased 2.9 percent. This measures quality change within occupations as well as wage inflation.

 

 

 

For more detailed data, see the Excel tables in the ‘Downloads’ box.

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