The Bay leads NZ in biggest drop in unemployment

Press releases
Wednesday, May 4, 2016

The Bay of Plenty region is the stand out in the latest labour force survey results, says MP Todd Muller.

Bay of Plenty’s unemployment rate dropped significantly, from 7.8 per cent to 5.1 per cent, making it the region with the lowest unemployment rate in the North Island. National unemployment for the quarter is at 5.7 per cent.

“For our region to drop 2.7 per cent in a single quarter is simply staggering and reflects what we all can see, the Bay is experiencing an unprecedented period of economic activity and employment growth,” Mr Muller says.

“This reinforces the value of the Government’s strategy of investing in roads, broadband, and skills to enable our small businesses to take flight. 

“Our region created an additional 7900 jobs in the past year. Employment growth only happens when someone is prepared to put hard-earned dollars on the table to build and grow their business, so it talks to the huge business investment that is occurring in the Bay at the moment.

The national labour force has increased 1.5 per cent in the March 2016 quarter with 38,000 more people in the labour force.

This is the largest nationwide quarterly growth since December 2004 and the employment growth exceeds population growth over the quarter.

“National is committed to building a stronger more prosperous country and we need to keep working hard to make this country a better place for New Zealanders and their families,” Mr Muller says.

 

Media contact: Shannon Stewart (04) 817 9431