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The unemployment rate of New
Zealand figures at six and a half percent of the
labor force. The labor force includes the figure of
people employed in addition to the number of those
unemployed yet seeking work. The non-labor force is
made up of those who are not job hunting, those who
have been committed, and those military service.
For the past twenty years the state has converted
the agrarian economy of New Zealand relying on
Britain’s concessionary market to a free market
economy which is more industrialized and can compete
internationally. |
This active growth has augmented real incomes and yet has
unfortunately left behind those at the bottom rung of the
ladder broadening and deepening the technological capacities
of the developed sector.
The unemployment rate of New Zealand has been growing
continuously for almost two years and has reached its
present rate of 6.5 percent in the quarter of September.
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In numerical terms, the
population of those unemployed ascended by twelve
thousand to reach over a hundred fifty people, and
according to the NZ Statistics, the rate of
unemployment rose to 6.5 % in the quarter of
September 2009. The figure of unemployed people is
at its utmost level since the quarter of March 1994.
An increase in the number of unemployed men
influenced the swelling in unemployment in the last
quarter. Nevertheless, the figure of unemployed
women also increases. The figure of unemployed
people has increased progressively since the quarter
of December 2007.
During the last quarter, the population of employed
people fell by seventeen thousand, headed completely
by men. Full-time employment of men lessened by
fourteen thousand while part-time employment
lessened by six thousand. |
Actual working hours decreased by .7% in the quarter
of September 2009, mirroring the .8% decrease in
employment. Actual working hours have decreased by
3.1% since the quarter of September 2008.
The participation rate of the labor force decreased
from .4% to 68% during the current quarter,
partially because of a decrease in the population of
people in the labor force. The participation rate is
at its lowest since the quarter of March 2008.
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The unemployment rate of New Zealand has reached a
ten-year high of six percent, according to
Thursday’s new figures.
New Zealand’s state-funded statistics said that in
the last twelve months the population of unemployed
increased from forty-eight thousand to one hundred
thirty-eight thousand. According to the data, the
women were hit the most.
Since the increase in the quarter of September 1988,
the 1 percent increase in the quarter of June 2009
was the largest ever according to the Household
Labor Force Survey.
The survey further showed the rate of unemployment
has grown in each of the past 6 quarters, from a low
of 3.5 % in the end of the December 2007 quarter. |
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The current sudden rise was mostly driven by an increase in
the population of women filed as unemployed in the end of
the June 30 quarter.
Approximately twelve thousand women claimed they had lost
their jobs during that time, while the population of men who
were unemployed increased by eight thousand.
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