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Employment drops but wages up



5-May-2009

Statistics New Zealand's Quarterly Employment Survey to March 2009, shows a clear drop in employment over the last year, but the data also confirms that average hourly earnings continue to increase for those with jobs.

The recession is taking its toll on the employment scene with the statistics revealing a 2% drop in the number of full-time employees when compared with the previous quarter.

Average wages however are up around 1.3% from those in the December quarter, an increase which is in line with quarterly gains over the last two years.

NZ average hourly earnings to March 2009

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