Bay of Plenty bucking national employment trend
The Bay of Plenty had the highest, and only statistically significant, annual employment growth in the country of 6.1 per cent, according the latest market statistics by Statistics NZ.
Supported by a strong performance in the horticultural, administrative and support sectors, the Bay of Plenty has 6,100 more people employed than a year ago.
“Real estate companies, lawyers, financial services and accountants are increasingly in demand as our population swells with the growing number of people attracted to the Bay of Plenty”, local MP Todd Muller says.
“Nationally we are experiencing a softening in the economy, with an increase in unemployment from 5.9 to 6.0 per cent.”
Faster job growth in the North Island has been offset by a drop in the South Island which has reduced from record highs.
“Wages have continued to grow, up 3.1 per cent this year. This compares with inflation over the same period of 0.4 per cent. The average annual wage is now over $57,300, that’s up more than $10,000 since 2008,” Todd Muller said.
“Indicators point to an upturn in the economy in the next year and we should expect to see further job growth in the year ahead.”
Link to Statistics NZ report: https://www.documentcloud.org/documents/2503504-labourmarketstatisticssep15qtr.html#document/p8
Media contact: Stefan Slooten (04) 817 9431