Employment Indicators 28 August

Employment indicators provide an early indication of changes in the labour market.

Timing of redundancy payments in monthly employment indicators (MEI) data: Any reduction in filled jobs from a redundancy payment will be represented in the data over the following month. For example, an employee's job would be counted in May but not in June if their final pay, which includes a redundancy payment, is in May. The MEI measures filled jobs, which means vacancies are not captured.

Key facts

Changes in the seasonally adjusted filled jobs for the July 2024 month (compared with the June 2024 month) were:

  • all industries - down 0.1 percent (2,975 jobs) to 2.37 million filled jobs
  • primary industries - up 0.8 percent (884 jobs)
  • goods-producing industries - down 0.3 percent (1,366 jobs)
  • service industries - down 0.1 percent (2,396 jobs).
MonthPercentage change
Jul-210.5
Aug-210.5
Sep-210.1
Oct-210.2
Nov-210.4
Dec-210.1
Jan-220.3
Feb-22-0.4
Mar-22-0.3
Apr-220.3
May-220.2
Jun-220.3
Jul-220.4
Aug-220.3
Sep-220.3
Oct-220.1
Nov-220.3
Dec-22-0.4
Jan-230.7
Feb-230.5
Mar-230.3
Apr-230.5
May-230.1
Jun-230.3
Jul-230.2
Aug-23-0.1
Sep-230.1
Oct-230.3
Nov-23-0.1
Dec-23-0.1
Jan-240.3
Feb-240
Mar-240.2
Apr-24-0.2
May-24-0.4
Jun-24-0.3
Jul-24-0.1

The following figures are actual values for July 2024 and are compared with July 2023.

  • Filled jobs were 2.35 million, down 12,464 (0.5 percent) compared with July 2023.

Filled jobs changes by industry

By industry, the largest changes in the number of filled jobs compared with July 2023 were in:

  • health care and social assistance - up 4.5 percent (12,064 jobs)
  • administrative and support services - down 6.4 percent (6,765 jobs)
  • construction - down 3.2 percent (6,746 jobs)
  • accommodation and food services - down 3.6 percent (5,703 jobs)
  • retail trade - down 2.0 percent (4,441 jobs).

Filled jobs changes by region

By region, the largest changes in the number of filled jobs compared with July 2023 were in:

  • Auckland - down 0.9 percent (6,945 jobs)
  • Wellington - down 1.4 percent (3,586 jobs)
  • Canterbury - up 0.3 percent (1,090 jobs)
  • Taranaki - down 1.6 percent (895 jobs)
  • Northland - up 0.6 percent (452 jobs).

Filled jobs changes for men and women

In July 2024 compared with July 2023, the number of filled jobs fell by 1.2 percent (14,472 jobs) for men and fell by 0.7 percent (8,141 jobs) for women.

Filled jobs by age group

By age group, the largest changes in the number of filled jobs compared with July 2023 were in:

  • 15-19 years - down 12.8 percent (17,721 jobs)
  • 20-24 years - down 3.3 percent (7,540 jobs)
  • 25-29 years - down 4.0 percent (10,607 jobs)
  • 35-39 years - up 4.6 percent (12,192 jobs)
  • 40-44 years - up 3.7 percent (8,871 jobs).

Gross earnings

Actual gross earnings on an accrual basis for the July 2024 month were $15.5 billion, compared with $15.3 billion for the July 2023 month.

Update to methodology

This month we have updated the factors used to account for missing data. The factors were due to be reviewed as filling patterns have changed over time. The factors are now applied at high level industry and will help improve the first month's estimate of filled jobs.

About the data

The actual gross earnings in this release were calculated on an accrual basis, where earnings are allocated proportionally to the period in which they are earned.

The accrual method removes the volatility of monthly data. For example, a fortnightly pay period might occur twice in some months and three times in other months.

Due to the shorter time series and minor revisions to data in the actual gross earnings series, the data is not directly comparable to calculations for monthly earnings on a cash basis (which covers the amount paid in the reference month).

Gross earnings on a cash basis are available from Infoshare.

More data

Use Infoshare to view and download time-series data for:

Employment indicators

Subject category: Work, income, and spending
Group: Employment indicators - MEI

Tables:

  • Age and region by variable (monthly)
  • High level industry by variable (monthly)
  • High level industry by variable (qrtly-Feb/May/Aug/Nov)
  • High level industry by variable (qrtly-Mar/Jun/Sep/Dec)
  • High level industry by variable (qrtly-Jan/Apr/Jul/Oct)
  • Industry by variable (monthly)
  • Region by variable (monthly)
  • Sex and age by variable (monthly)
  • Sex and region by variable (monthly)

Note that due to a small portion of uncoded data, there will be small differences in the sum for filled jobs by region, age, sex, and the value for total New Zealand.

Definitions and metadata

Employment indicators - DataInfo+ provides general methodology and definitions relevant for employment statistics.

Technical enquiries

Sue Chapman
03 964 8371
[email protected]

Next release

Employment indicators: August 2024 will be released on 30 September 2024.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.