Marlborough Region Quarterly economic monitor - September 2019

| Portal

Unemployment rate

Dashboard comparator:

Highlights for Marlborough Region

  • The annual average unemployment rate in Marlborough Region was 3.0% in September 2019, down from 3.3% a year earlier.
  • The unemployment rate in Marlborough Region was lower 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 4.6% in December 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.