Hamilton City Quarterly economic monitor - September 2019

Unemployment rate

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Highlights for Hamilton City

  • The annual average unemployment rate in Hamilton City was 4.7% in September 2019, down from 5.5% a year earlier.
  • The unemployment rate in Hamilton City was higher than in New Zealand, where the unemployment rate averaged 4.2% over the year to September 2019.
  • Over the last ten years the unemployment rate reached a peak of 8.5% in June 2012;

National overview

The unemployment rate rose in the September quarter, bringing the annual average rate up to 4.2%. We expect competition for workers to remain strong over the coming year. Employment growth was relatively subdued in the September quarter as a rise in full-time employment was mostly offset by a fall in part-time employment. Labour cost inflation rose 2.4%pa, the fastest growth rate since December 2011 as a tight labour market gives employees more bargaining power.