New Zealand’s unemployment rate fell below 5 per cent for the first time since December 2008 and Nelson led the charge.
The Tasman, Nelson, Marlborough and West Coast region has the lowest unemployment rate of the whole country according to the Labour Force Survey data released yesterday.
Our region has 2.8 per cent unemployment as compared to the national average of 4.9 per cent.
The 2.8 per cent compares to Northland (7.6 per cent), Auckland (5.3 per cent), Bay of Plenty (5.1 per cent), Gisborne / Hawke’s Bay (6.5 per cent), Taranaki (4.7 per cent), Manawatu / Wanganui (4.6 per cent), Wellington (4.6% per cent), Canterbury (3.9 per cent), Otago (3.7 per cent) and Southland (5.3 per cent).
Nelson MP Dr Nick Smith describes the latest Labour Force Survey data as the best ever for the region.
“The number of people employed in the Nelson, Tasman, Marlborough and West Coast region has grown by 3800 over the last year to 92,700,” says Nick. “This is the highest number of people employed in the region on record.”
Average incomes within the region have also improved over the last year by 9 per cent from $83 per week to $1008.
This is the largest annual increase in 20 years and is at a time of record low inflation of 0.2 per cent. It is also the first time that average wages across the region have topped $1000 a week.
Nick says these economic results are a reflection of the strength of Nelson’s regional industries like horticulture, tourism, building and forestry.