Unemployment drops in Canterbury

Last updated 14:20 08/11/2012

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Canterbury's unemployment rate is dropping and 8800 more people are employed than a year ago as the region recovers from the earthquakes.

By contrast the national unemployment scene is worsening, with the unemployment rate climbing to 7.3 per cent (seasonally adjusted), the highest in 13 years.

The data in the Household Labour Force Survey, the official measure of unemployment, released today shows more men and women in Canterbury found jobs over the year to September.

About 3000 more people are working in the construction sector than a year ago and 9000 more people in the professional, scientific, technical and administrative and support services.

The three-monthly release of the unemployment statistics reveals Canterbury's unemployment rate has dropped to 5.2 per cent at the end of September from 5.5 per cent at the end of June.

That translates to about 17,400 people unemployed, down from 21,500 at the end of June.

The additional number of people employed is now 8800 higher than the same time last year.

About 11,600 more people were employed in part- time work and 2600 fewer people in full time jobs.

There is not much difference in unemployment between the sexes - about 8500 men unemployed and nearly 9000 women in the region.

However some sectors have lost a substantial number of jobs such as the wholesale and retail trades, accommodation and tourism sectors and education following the earthquakes.

More than 40 per cent of the unemployed in the region are young people.

Some 7,600 unemployed are between 15 and 24 years, a rate of 14.3 per cent unemployment.

It is lower however than 9900 in June, a rate of 18 per cent.

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- BusinessDay.co.nz


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