EMPLOYMENT

NO SIGNIFICANT CHANGE

The employment rate in December 2023 was around the same level as the WPI 2006-07 baseline period.

This indicator is the percentage of working age people in the Waikato region who are employed.

Why is this indicator important?

The employment rate (and by association, the unemployment rate) indicate how much paid employment is available within an area. These rates are affected by several factors, including economic conditions and the availability of work, migration flows, skill levels, family responsibilities and personal decisions.

Paid employment is a major factor determining people’s personal income, which in turn determines people’s ability to purchase goods and services. It also affects health, housing, education and crime outcomes. People often define themselves by their employment status, so employment is linked to their ability to participate and have a sense of belonging in their community. Overall, it contributes to the standard of living people and their families have access to and thus their quality of life.

Employment

What is this indicator telling us? 

• Employment rate trends in the Waikato region usually reflect national trends but have diverged in recent years. In December 2023, the regional employment rate was 66.4%, below the national rate of 69.4%. The December 2023 regional unemployment rate was 4.4%, above the national rate of 3.7%.
• In recent years the Waikato region’s labour force participation rate has been declining whereas the national rate has been increasing. This means that working-age people in the Waikato region have been exiting the workforce, in contrast to the national trend.
• In addition to the unemployment rate, the labour underutilisation rate also provides a useful indicator. Labour underutilisation reflects the total number of people in the labour force who are not being fully utilised, as well as some who are outside of the labour force who can be considered ‘potential labour supply’. According to Household Labour Force Survey data, the labour underutilisation rate in the Waikato region was 11.9% in the December 2023 quarter, above the New Zealand rate of 11.1%.
• Separate from the Household Labour Force Survey measures, Ministry of Social Development data on the number of Jobseeker Work Ready Support recipients show that as at the December 2023 quarter, 12,480 people in the Waikato region were receiving Jobseeker Work Ready Support. This is approximately 2,800 more than December 2019. The number of Jobseeker Support recipients increased substantially due to the COVID-19 pandemic and then slowly reduced but is now again trending upward.
• As at quarter 4 2021, New Zealand’s employment rate was approximately 10 percentage points above the Organisation for Economic Co-operation and Development (OECD) average and amongst the highest in the world.

DATA SOURCE AND SUPPORTING INFORMATION

Labour market statistics, including Household Labour Force Survey (HLFS) data are available from Statistics New Zealand (SNZ) through Infoshare. Relevant figures are from Work, income and spending > Household Labour Force Survey – HLF > Labour Force Status by Sex by Regional Council (Annual-Dec).

MSD Jobseeker Support quarterly data is available at www.msd.govt.nz/about-msd-and-our-work/publications-resources/statistics/benefit/index.html

Update details: Quarterly rates available from the HLFS, published online by SNZ within 5-6 weeks following the end of the quarter.

Customised data request requirements: Nil

DATA AVAILABILITY – OTHER THAN WAIKATO REGION:

Territorial Authority (TA) disaggregation: No

Other regions: Yes  

New Zealand: Yes  

Other countries/ Organisation for Economic Co-operation and Development (OECD): Most recent OECD comparative figures are available online.