ISSUE
Friday, October 3, 2025
Volume 16 . Issue 79
In a news that would becalm the government the unemployment rates continue to defy the earlier predictions of a post Covid mayhem and have further dropped down 0.4 per cent from the previous quarter.
The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said.
Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed in a single quarter since the series began in 1986.
Before the September 2020 quarter, the unemployment rate had been trending downwards from a peak rate of 6.7 percent in the September 2012 quarter. The December 2020 quarter's rate of 4.9 percent is a return to rates observed over three years ago, when the unemployment rate was also 4.9 percent in the March 2017 quarter.
“The effects of COVID-19 on the labour market were apparent in the September quarter, with a sharp increase in unemployment. Despite the December quarter’s drop, unemployment is still higher than it has been in a few years. This time last year, the unemployment rate was at 4.1 percent,” work, wealth and wellbeing senior manager Becky Collett said.
Feelings of job security improved since the September 2020 quarter
Meanwhile, the feelings of job security have improved since the September 2020 quarter, with 79.1 percent of people in December 2020 quarter saying there was almost no chance or a low chance that they would lose their job or business in the next 12 months, compared with 74.3 percent in the previous quarter.
Since the December 2019 quarter, the number of seasonally adjusted employed people had a small increase of 19,000 (0.7 percent). This annual growth is lower than seen in recent pre-COVID years.
High rises in construction jobs
High rises in construction jobs has more information about industry growth in the December 2020 quarter.
An increased number of jobs in the construction industry offsets losses in media and tourism related industries over 2020, Stats NZ said today.
“Although overall employment is similar to a year ago, looking at movements by industry shows how New Zealand jobs have changed in response to COVID-19 and its restrictions,” labour market manager Andrew Neal said.
“A similar uneven effect was also seen in the monthly employment indicator for December 2020.”
In a news that would becalm the government the unemployment rates continue to defy the earlier predictions of a post Covid mayhem and have further dropped down 0.4 per cent from the previous quarter.
The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from...
In a news that would becalm the government the unemployment rates continue to defy the earlier predictions of a post Covid mayhem and have further dropped down 0.4 per cent from the previous quarter.
The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said.
Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed in a single quarter since the series began in 1986.
Before the September 2020 quarter, the unemployment rate had been trending downwards from a peak rate of 6.7 percent in the September 2012 quarter. The December 2020 quarter's rate of 4.9 percent is a return to rates observed over three years ago, when the unemployment rate was also 4.9 percent in the March 2017 quarter.
“The effects of COVID-19 on the labour market were apparent in the September quarter, with a sharp increase in unemployment. Despite the December quarter’s drop, unemployment is still higher than it has been in a few years. This time last year, the unemployment rate was at 4.1 percent,” work, wealth and wellbeing senior manager Becky Collett said.
Feelings of job security improved since the September 2020 quarter
Meanwhile, the feelings of job security have improved since the September 2020 quarter, with 79.1 percent of people in December 2020 quarter saying there was almost no chance or a low chance that they would lose their job or business in the next 12 months, compared with 74.3 percent in the previous quarter.
Since the December 2019 quarter, the number of seasonally adjusted employed people had a small increase of 19,000 (0.7 percent). This annual growth is lower than seen in recent pre-COVID years.
High rises in construction jobs
High rises in construction jobs has more information about industry growth in the December 2020 quarter.
An increased number of jobs in the construction industry offsets losses in media and tourism related industries over 2020, Stats NZ said today.
“Although overall employment is similar to a year ago, looking at movements by industry shows how New Zealand jobs have changed in response to COVID-19 and its restrictions,” labour market manager Andrew Neal said.
“A similar uneven effect was also seen in the monthly employment indicator for December 2020.”
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