Good job growth, good policies
Jobs mean people can pay their bills. Jobs put food on Kiwi tables. And jobs mean people can save and invest in brighter futures for themselves and their families.
New labour market data shows the unemployment rate in the Bay has dropped to 5.7 per cent from 6.6 per cent in the previous quarter. In 2014 the Bay contributed 15,600 more jobs to the national economy, behind Auckland (22,300 jobs), Waikato (17,400 jobs), and Canterbury (15,800).
Factoring in the smaller Bay population size, we have the strongest increase in employment of these areas with a six per cent gain in jobs.
Our region is also set to benefit from increasing housing developments as Housing Minister Nick Smith signed the Housing Accord with the Tauranga City Council. Omokoroa and Papamoa are among those areas where building consents will be fast-tracked, meaning more homes and construction jobs for the Bay.
The Government has continually focused on economic policies that encourage business investment across New Zealand communities. We know it’s only when businesses have the confidence to invest, that we achieve the sort of strong job growth we are seeing now. Our approach is working and New Zealand business confidence is at historically high levels.
The Bay is doing very well at the moment and these indicators show good growth from local industry being supported by the Government. This is a healthy working partnership and I hope to see this continue in the months and years to come.