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> Our Publications > New Zealand Outlook > 2004 > June Earnings
given boost
but jobs growth is slow WORKERS
are having to put in longer hours in their jobs but are
getting paid more, according to the latest figures.
The March 2004 Quarterly Employment Survey results showed
increases in earnings and paid hours, while employment
remained static, according to Statistics New Zealand.
The increase in paid hours reflects increased working
hours within businesses and increased employment in
particular industries.
Earnings have increased this quarter, in line with paid
hours. Seasonally adjusted gross earnings increased by
6.4 per cent compared with the March quarter last year.
The average total hourly earnings were relatively
unchanged at an estimated $19.85, while average earnings
rose by 1.5 per cent to $770.93.
The annual increase in paid hours continues to be lower
than the increase in earnings, possibly due to: increases
in wage rates; rises in the number of higher-paid
employees; increases in overtime hours worked; and a
shift from part-time employment to full-time employment.
Employment shows little change compared with the December
2003 quarter. Filled jobs increased by 3.3 per cent
compared with the same quarter last year. Full-time
employment rose while part-time employment fell, which is
the usual result for March.
However, growth in full-time employees has been greater
than growth for part-time employees for the last three
years, reflecting the tight labour market conditions and
business growth.
Salary and wage rates (including overtime) rose 2.2 per
cent in the year to March 2004.
Public sector salary and wage rates (including overtime)
recorded and annual rise of 2.6 per cent in the March
2004 quarter, while the private sector rose 2.1 per cent.
By comparison, from the December 2003 quarter to the
March 2004 quarter, private sector salary and wage rates
(including overtime) rose 0.5 per cent, while public
sector rates rose by 0.4 per cent.
Carpenters and joiners salary and wage rates (including
overtime) rose 0.9 per cent in the March 2004 quarter.
Carpenters and joiners salaries and wages have shown
consistently high growth over the past year, increasing
4.3 per cent from the March 2003 quarter to March 2004
quarter. The rises are consistent with reported skill
shortages in this area.
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