Wellington labour market snapshot
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WELLINGTON labour market snapshot. Employment. 269,000 people employed end Dec 2012 (rate 65.6%) Wellington tanked post recession. Slow since March 2010. Canterbury and Auckland tanked earlier, but recovered more rapidly, until February 2011.

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Wellington labour market snapshot
WELLINGTON labour market snapshot


Employment
Employment

  • 269,000 people employed end Dec 2012 (rate 65.6%)

  • Wellington tanked post recession. Slow since March 2010.

  • Canterbury and Auckland tanked earlier, but recovered more rapidly, until February 2011.

  • Now Auckland has weakened but still growing, and Canterbury is stepping up.


Incomes
Incomes

  • Wellington has high average annual household incomes

  • But employment growth in filled jobs has been below average (and below other urban regions)


Vacancies
Vacancies

  • Canterbury vacancies have been higher, esp. since the Feb 11 quake

  • Auckland and Wellington vacancy levels are similar (flat)


Participation
Participation

  • High participation – 70.3% vs 68.2% nationally (only Southland higher)

  • Larger proportion of population in the working ages (15-64)


Unemployment
Unemployment

  • Wellington now matches the national rate (6.9%)

  • Has generally been more resilient during recessions


Industry
Industry

2012

  • Strongest in professional, scientific and technical services, and in public administration and safety

  • Weaker in manufacturing, and agriculture, forestry and fishing.


Skills
Skills

  • Wellington and Auckland both highly skilled, with less emphasis on skilled and elementary occupations, but also with a higher than average share of semi-skilled

  • Highly skilled: managers and professional occupations

  • Skilled: technicians and trades workers

  • Semi-skilled: clerks, services and sales workers, agriculture and forestry workers

  • Elementary: machinery operators and assemblers, general labourers


Forecasts
Forecasts

Source: MBIE Short-term Employment Prospects: December 2012

(March years)

  • Forecasts vary continuously, but can be usefully examined to see the basic trends and how the various components relate

  • 2013 employment growth to March is now forecast to be -0.7%, GDP 2.3%*

  • Labour productivity has been growing, as GDP does quite well, while employment growth has been slow


Employment growth by industry forecast
Employment growth by industry forecast

Source: MBIE Short-term Employment Prospects: December 2012

(March years)

* incl. Communication Services; Finance and Insurance; Property and Business Services; Professional , Scientific and Technical Services;


Employment growth by skills forecast
Employment growth by skills forecast

Source: MBIE Short-term Employment Prospects: December 2012

(March years)

  • Strongest growth in skilled, highly skilled, and elementary level occupations, reflecting the Canterbury rebuild and the strong growth in construction

  • Both skilled and elementary play a smaller than national average role in Wellington’s labour market



Employment growth by industry forecast wn
Employment growth by industry forecast - WN

Source: MBIE Short-term Employment Prospects: December 2012

(March years)

* incl. Communication Services; Finance and Insurance; Property and Business Services; Professional , Scientific and Technical Services;


Challenges opportunities
Challenges/Opportunities

  • Diversifying Wellington’s industry mix

  • Internationalising Wellington’s professional business service firms (which are currently focussed on government)

  • Continuing to improve tourism takings and better leveraging visitor attractions to attract talent and investment

  • Commercialising science and research development


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