Market Intelligence Reports

Quarterly Global Market Report Q1 2021

Issue link:

Contents of this Issue


Page 83 of 89

84 February, 2021 New Zealand Total Workforce (000s) Q4 '20 2,888 Unemployed Workers (000s) 141 Unemployment Rate 4.9% Youth Unemployment Rate 13.7% 1,033 1,809 598 207 983 191 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 1,421 1,443 1,458 1,447 1,437 3.8% 3.9% 4.2% 3.5% 4.7% 1,272 1,285 1,287 1,273 1,263 4.3% 4.2% 4.8% 4.4% 5.5% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 75.1% 75.8% 76.2% 74.7% 75.0% 65.7% 65.9% 65.9% 64.6% 64.7% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate 28.7% of the population are foreign born. Before the pandemic, over a million New Zealanders lived abroad. To September 2020, over 50K expats had returned – many of them highly skilled. This is driving up house prices. 39% of the population of Auckland is foreign born. 87% of the population live in urban areas. In 2019, the unemployment rate for foreign born workers was 1.0 percentage point lower compared with local born workers. New Zealand has allowed temporary foreign workers in essential roles to increase their work hours and change jobs. Legal migrants have been included in support measures for the Covid-19 Wage Subsidy. 26 Covid-19 deaths. Borders are closed for non-New Zealand citizens and residents. A negative Covid-19 test and quarantine is mandatory. When cases are detected, strict lockdowns are implemented at a regional level including schools being closed. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources:

Articles in this issue

Links on this page

view archives of Market Intelligence Reports - Quarterly Global Market Report Q1 2021