Monthly Labour Market Fact Sheet - February 2022 - Ministry ...
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Monthly Labour Market Fact Sheet — February 2022
This monthly fact sheet summarises the latest labour market informa on. It focuses on the most recent monthly changes and com-
plements MBIE’s quarterly Labour Market Sta s cs Snapshot1 . For more informa on on sectors and regions, see MBIE’s COVID-19
economic data2 . The Monthly Labour Market Fact Sheet will be updated next on 18 March 2022.
Overview
Headline quarterly sta s cs
Data up to December 2021 quarter
Measures Dec-20 Mar-21 Jun-21 Sep-21 Dec-21
Employment 2,730,000 2,748,000 2,776,000 2,828,000 2,831,000
— Paid Employee or Employer 2,376,800 2,368,200 2,398,500 2,438,300 2,462,500
— Self-employed 343,400 354,300 342,600 352,000 353,900
Employment Rate 66.8% 67.1% 67.7% 68.8% 68.8%
Par cipa on Rate 70.2% 70.4% 70.5% 71.2% 71.1%
Underu lisa on 354,000 362,000 312,000 278,000 277,000
— Unemployment 141,000 133,000 114,000 98,000 93,000
— Underemployment 117,000 122,000 107,000 97,000 102,000
— Poten al Labour Force 95,000 106,000 91,000 83,000 82,000
Underu lisa on Rate 11.9% 12.1% 10.5% 9.2% 9.2%
Unemployment Rate 4.9% 4.6% 4.0% 3.3% 3.2%
Not in the Labour Force 1,217,000 1,212,000 1,209,000 1,184,000 1,190,000
Youth Not in Employment, Educa on or Training (NEET) 81,000 79,000 79,000 79,000 70,000
NEET Rate 12.4% 12.2% 12.3% 12.2% 10.8%
Average Weekly Hours Paid (per FTE) 38.27 38.41 39.04 38.88 39.01
All measures are from the Household Labour Force Survey except for average hours worked, which is from the Quarterly Employment
Survey. Labour Market Sta s cs, Stats NZ (Data to December 2021 quarter, next release on 04/05/2022)
The recent story
Posi ve growth was recorded in jobs adver sed online in the month of January 2022, reflec ng a con nuing demand for labour. The
highest growth rates by industry were recorded in Health care, Business services and Manufacturing. This growth in jobs adver sed
online follows on from the ght labour market observed in the September and December quarters 2021.
In the December quarter 2021, the unemployment rate (3.2 per cent) was the lowest recorded since the data series started in 1986.
The underu lisa on rate remained steady at 9.2 per cent, as 5,000 fewer people unemployed were offset by 5,000 more people under-
employed. The highest increase in employment over the year was for people aged 15 to 24 years (up by 27,800 people). Māori youth
Not in Educa on, Employment or Training (NEET) decreased to 70,000 people, down by 9,000 from last quarter.
In December 2021, there were large increases in filled jobs in the Professional, scien fic and technical services, Construc on, Adminis-
tra ve and support services, Public administra on and safety, Health care and social assistance, Rental, hiring and real estate services,
Wholesale trade, and Retail trade industries, with levels of filled jobs similar to those seen pre-COVID. However, for the Accommoda on
and food services, Agriculture, forestry and fishing, Arts and recrea on, Educa on and training and Transport, postal and warehousing
industries, filled jobs have not recovered to levels of pre-COVID.
There were 363,636 people on all main benefits as at 4 February 2022, with 105,069 receiving the Jobseeker support benefit. In the
week ending 4 February 2022 there were 2,181 new recipients and 2,526 cancella ons of Jobseeker Support.
A er the implementa on of COVID-19 Protec on Framework, the Wage Subsidy Scheme was discon nued. However, support is avail-
able for those unable to work due to being tested for COVID-19 or needing to isolate. Since 2 December 2021, a total of 5,463 appli-
ca ons under the new Leave Support Scheme (LSS) and 11,580 applica ons under the Short-term Absence Payment (STAP) have been
approved.
The growing difficul es in finding skilled and unskilled workers are a ributed partly to border restric ons3 . It is unclear how the gradual
opening of New Zealand’s border during 2022 will affect this. The impacts of the COVID-19 Protec on Framework and con nuing supply
chain disrup ons have added to infla on pressures and uncertainty to the labour market.
1 https://www.mbie.govt.nz/business-and-employment/employment-and-skills/labour-market-reports-data-and-analysis/labour-market-statistics-snapshot/
2 https://www.mbie.govt.nz/business-and-employment/economic-development/covid-19-data-resources/covid-19-economic-data/
3 https://nzier.org.nz/publications/qsbo/quarterly-survey-of-business-opinion-january-2022-members-only
V1.0.0 (83496cb) 1
Generated on 2022-02-18Filled Jobs
Data up to December 2021
Stats NZ’s Monthly Employment Indicators (MEIs) count of filled jobs uses employer payroll filing of tax data. These sta s cs are a
useful indicator to supplement the official Labour Market Sta s cs, although they do not count the self-employed, do not necessarily
represent full- me or permanent jobs, and recent results can be subject to fluctua ons due to different employers’ payroll schedules.
Annual percentage change in the number of filled jobs
4% 3.9%
Annual change
2%
0%
−2%
−4%
2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Year
Source: Monthly Employment Indicators - Filled Job Series, Stats NZ (Data to December 2021, next release on 28/02/2022)
Monthly percentage change in the number of filled jobs, seasonally adjusted
0.2%
1%
Monthly change
0%
−1%
2018 2019 2020 2021
Year
Source: Monthly Employment Indicators - Filled Job Series, Stats NZ (Data to December 2021, next release on 28/02/2022)
Filled jobs by age group
65 and over 4.2% 115,289
60 to 64 5.3% 158,662
55 to 59 1.4% 199,132
50 to 54 3.9% 223,636
Age Group
45 to 49 0.1% 224,207
40 to 44 4.4% 223,456
35 to 39 5.2% 242,822
30 to 34 5.3% 275,330
25 to 29 −0.1% 271,234
20 to 24 3.3% 243,338
15 to 19 14.1% 150,576
Annual change Number of filled jobs
Source: Monthly Employment Indicators - Filled Job Series, Stats NZ (Data to December 2021, next release on 28/02/2022)
V1.0.0 (83496cb) 2
Generated on 2022-02-18Filled jobs by industry
Professional, scientific & technical services 8.5% 187,990
Construction 8.3% 200,420
Administrative & support services 6.8% 104,085
Public administration & safety 5.9% 154,712
Health care & social assistance 5.7% 261,881
Rental, hiring & real estate services 5.3% 37,356
Retail trade 4.9% 228,631
Other services 4.8% 79,812
Financial & insurance services 4.7% 68,320
Electricity, gas, water & waste services 4.6% 21,769
Wholesale trade 4.2% 116,996
Mining 4.1% 5,684
Accommodation & food services 3.5% 152,121
Information media & telecommunications 3% 31,307
Manufacturing 2% 240,007
Transport, postal & warehousing 1.3% 90,529
Education & training −1.7% 201,804
Arts & recreation services −3.1% 39,777
Agriculture, forestry & fishing −3.9% 111,893
Annual change Number of filled jobs
Source: Monthly Employment Indicators - Filled Job Series, Stats NZ (Data to December 2021, next release on 28/02/2022)
Filled jobs by region
West Coast 7.3% 18,259
Northland 5.3% 74,891
Waikato 4.7% 225,002
Auckland 4.2% 785,927
Bay of Plenty 3.9% 144,060
Canterbury 3.8% 303,797
Manawatū-Whanganui 3.8% 114,466
Taranaki 3.6% 55,435
Hawke's Bay 3.4% 83,104
Wellington 3.3% 261,308
Tasman 3.1% 25,482
Otago 2.9% 114,578
Marlborough 2.9% 27,453
Nelson 2.8% 21,308
Gisborne 2.7% 23,562
Southland 1.6% 49,739
Annual change Number of filled jobs
Source: Monthly Employment Indicators - Filled Job Series, Stats NZ (Data to December 2021, next release on 28/02/2022)
V1.0.0 (83496cb) 3
Generated on 2022-02-18Benefit Recipients
Data up to 4 February 2022
Benefits are primarily a measure of how many people are receiving income support rather than a measure of unemployment, but since
2008 the number of Jobseeker Support recipients has mostly tracked in line with the number of unemployed individuals. Measuring
all working-age main benefits covers addi onal circumstances in which someone could need extra income and is a be er proxy for the
underu lisa on rate, which is a more useful measure of “slack” in the labour market than the unemployment rate alone.
Number of main benefit recipients
400,000
Number of people
363,636 Year
300,000 2019
200,000 2020
2021
100,000
2022
0
January February March April May June July August September October November December
Month
Source: Working-age main benefits, MSD (Data to 04/02/2022, released every Friday)
Weekly new recipients and cancellations of Jobseeker Support
Number of people
7,500
Legend
5,000 a Cancellations
2,526 a New recipients
2,500
2,181
0
Jan−20 Mar−20 May−20 Jul−20 Sep−20 Nov−20 Jan−21 Mar−21 May−21 Jul−21 Sep−21 Nov−21 Jan−22 Mar−22
Month
Source: Working-age main benefits, MSD (Data to 04/02/2022, released every Friday)
Jobseeker benefit recipients by region
Northland 10.2% -1pp 11,202
Gisborne 8.9% -1.5pp 2,604
Bay of Plenty 8.1% -1pp 15,957
West Coast 7.8% -0.6pp 1,470
Waikato 6.9% -0.9pp 20,592
Manawatū-Whanganui 6.8% -0.9pp 10,101
Hawke's Bay 6.5% -0.9pp 6,765
Taranaki 6.2% -1.1pp 4,497
Auckland 5.7% -0.7pp 62,202
Nelson 5.5% -0.6pp 1,800
Wellington 5.1% -0.9pp 17,751
Canterbury 4.7% -0.8pp 18,924
Tasman 4.4% -0.5pp 1,473
Southland 4.4% -0.5pp 2,703
Marlborough 4.2% -0.6pp 1,242
Otago 3.7% -0.5pp 5,829
Percentage of the population Annual percentage point change Number of recipients
(aged 18 to 64)
Source: Working-age main benefits, MSD (Data to 04/02/2022, released every Friday)
V1.0.0 (83496cb) 4
Generated on 2022-02-18Wage Subsidy
Wage Subsidy data up to 9 December 2021 and LSS and STAP data up to 4 February 2022
A number of COVID-19 wage subsidies have been available since March 2020 to help employers and self-employed people who would
otherwise have had to lay off staff or reduce their hours due to COVID-194 .
The COVID-19 Wage Subsidy and Leave Payment Scheme, available from 27 March 2020 to 9 June 2020, supported a larger number of
jobs (1,787,216 jobs) compared with subsequent available subsidies.
The original Wage Subsidy Scheme was followed by the Wage Subsidy Extension Scheme introduced on 10 June 2020, which supported
588,379 jobs, and a Resurgence Wage Subsidy payment was available for the last two weeks in August 2020 when Auckland was placed
at Alert Level 3 and the rest of the country moved back into Alert Level 2 (suppor ng 296,169 jobs).
When Auckland once again moved to Alert Level 3 and the rest of the country moved to Alert Level 2 on 28 February 2021, the COVID-19
Wage Subsidy March 2021 payment was introduced. This subsidy supported a total of 170,151 jobs.
More recently, the Wage Subsidy August 2021 was introduced, consis ng of eight wage subsidies related to the August Alert Level
changes. The subsidies were open from 20 August 2021 to 9 December 2021 and supported an increased number of jobs (1,313, 613
jobs), reflec ng the extended lockdown period par cularly in Auckland.
The Wage Subsidy Scheme was discon nued a er COVID-19 Protec on Framework came into effect in early December 2021. However,
workers who cannot work from home and need to miss work while wai ng for a COVID-19 test result, and those advised to self-isolate
due to COVID-19 (and who can’t work from home), are eligible for support via the Short-term Absence Payment (STAP) and Leave
Support Scheme (LSS). The latest Income Support and Wage Subsidy weekly data shows that 2,112 applica ons were approved for
the STAP and 1,041 applica ons were approved for the LSS to 4 February 2022, showing a marked increase in approvals over the past
month as we see more cases of COVID-19 emerging in the community.
The STAP which covers those wai ng for a COVID-19 test result has more applica ons compared to LSS which is for those who are
advised to self-isolate. The STAP is now at a similar level to when it was introduced in February 2021.
Number of jobs supported by wage subsidy schemes
1,787,216
1,500,000
Jobs supported
1,313,613
1,000,000
588,379
500,000
296,169
170,151
0
20
0
0
1
1
9/ 21
3/ ce
1/ 21
/2
/2
/2
/2
1/ n
/
9/ l
06
09
09
03
12
−0 20
−0 io
−0 en
−2 20
−0 na
20 ns
20 rg
20 gi
21 t
21 h
8/ us
6/ te
8/ u
3/ Ori
3/ rc
/0 Res
/0 Ex
/0 ug
/0 Ma
20 A
/0
27
10
21
04
Source: Income Support and Wage Subsidy Weekly Update, MSD (Data to 09/12/2021, released every Friday)
Weekly New LSS and STAP Applications Approved
2,000 2,112
Applications
1,500 Legend
1,041 a LSS
1,000
a STAP
500
0
Jan−20 Mar−20 May−20 Jul−20 Sep−20 Nov−20 Jan−21 Mar−21 May−21 Jul−21 Sep−21 Nov−21 Jan−22 Mar−22
Month
Source: Income Support and Wage Subsidy Weekly Update, MSD (Data to 04/02/2022, released every Friday)
4 https://www.msd.govt.nz/about-msd-and-our-work/newsroom/2020/covid-19/covid-19-wage-subsidy-employer-search.html
V1.0.0 (83496cb) 5
Generated on 2022-02-18Job Vacancies
Data up to January 2022
The number of jobs adver sed online on major job boards can be used as a proxy for job vacancies, a key indicator of both labour
demand and economic change. However, because of different hiring prac ces and changes in the rate of worker churn within industries,
the rela onship between online job adver sements and labour demand is complex.
All Vacancies Index (AVI) − online job advertising
AVI (May−07 = 100)
200
150
100
50
0
2009 2011 2013 2015 2017 2019 2021
Year
Source: Jobs Online, MBIE (Data to January 2022, next release 15/03/2022)
Annual change in online job advertising by occupation, latest three months
November 2021 December 2021 January 2022
Clerical & administration 46.8% 53.2% 47.5%
Sales 37.5% 52.2% 43.4%
Professionals 51.4% 32% 36.3%
Labourers 32% 38.7% 34.9%
Community & personal services 37.4% 55.1% 34.5%
Trades & technicians 23.8% 28.3% 30.5%
Machinery drivers 37% 40.8% 29.5%
Managers 18.3% 15.8% 21.5%
Annual change
Source: Jobs Online, MBIE (Data to January 2022, next release 15/03/2022)
Annual change in online job advertising by region, latest three months
November 2021 December 2021 January 2022
Canterbury 53.5% 39.6% 48.4%
South Island − Other 40.2% 40.9% 39.8%
North Island − Other 40.7% 45.8% 39.3%
Auckland 34.7% 29.6% 32.6%
Wellington 28.9% 30.5% 29.7%
Annual change
Source: Jobs Online, MBIE (Data to January 2022, next release 15/03/2022)
V1.0.0 (83496cb) 6
Generated on 2022-02-18Data sources
Household Labour Force Survey (HLFS) | Stats Income Support and Wage Subsidy Weekly
NZ Update | Ministry of Social Development
The HLFS is a na onwide, quarterly survey of households run by Stats NZ. It is the (MSD)
official measure of employment and unemployment in New Zealand. Data from
the HLFS is used as an indicator of the overall health of the economy, par cularly The Income Support and Wage Subsidy Weekly Update provides an overview of
the unemployment rate. HLFS data is also used to compare labour force variables income support, including COVID-19 Income Relief Payment data. MSD’s COVID-
across demographic characteris cs. 19 repor ng is available at: https://www.msd.govt.nz/about-msd-and-our-work/
publications-resources/statistics/covid-19/index.html
Monthly Employment Indicator (MEI) | Stats
Jobs Online | Ministry of Business, Innova-
NZ
on and Employment (MBIE)
The MEI series from Stats NZ provides an early indica on of changes in the labour
market. These indicators use a combina on of data from two different Inland Rev- Jobs Online is a regular data series published quarterly by MBIE that mea-
enue sources: the Employer Monthly Schedule (EMS) and payday filing. This data sures changes in online job adver sements from four internet job boards —
is used to produce the filled jobs and gross earnings indicator series, published four Seek, Trade Me Jobs, Educa on Gaze e and Kiwi Health Jobs. A monthly
to five weeks a er the end of the reference month. series is available at https://www.mbie.govt.nz/business-and-employment/
employment-and-skills/labour-market-reports-data-and-analysis/jobs-online/
#jobs-online-monthly-data-release
Monthly Benefits Update | Ministry of Social
Development (MSD) Quarterly Employment Survey (QES) | Stats
The Monthly Benefits Update from MSD provides an overview of benefit and sup- NZ
plementary assistance data. The report presents monthly benefit receipt numbers,
and the accompanying data file provides addi onal informa on and breakdowns. The QES is a quarterly survey run by Stats NZ. It measures employment, earnings
and hours paid of economically significant businesses in New Zealand. The pur-
pose of the Quarterly Employment Survey is to provide a short-term indicator of
employment and earnings. In addi on, the data is used for compiling the business
services industry component of the quarterly na onal accounts (on the produc on
side). Results from the survey provide a valuable guide to the labour market and
general economic condi ons within New Zealand.
Previous edi ons
The Monthly Labour Market Fact Sheet brings together the latest available administra ve and survey data. The July 2020 edi on5 included findings from the Ministry of
Health’s COVID-19 Health and Wellbeing Survey, the Ministry of Social Development’s Wage Subsidy Survey and Auckland Tourism, Events and Economic Development’s
(ATEED) COVID-19 Business Survey. The August 2020 edi on6 included findings from Victoria University’s Life in Lockdown survey.
Contact us
For further informa on on the data contained in this fact sheet, please email us: LabourMarketInsights@mbie.govt.nz.
5 https://www.mbie.govt.nz/dmsdocument/11556-monthly-labour-market-fact-sheet-july-2020
6 https://www.mbie.govt.nz/dmsdocument/11637-monthly-labour-market-fact-sheet-august-2020
V1.0.0 (83496cb) 7
Generated on 2022-02-18You can also read
