Employment in manufacturing falls in June 2007 quarter - BERL - economic research, forecasting, analysis, advice and consultancy for business, public sector and regional development

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GDP (avg growth, year to Mar 10)	-0.4%
CPI (Jun 10 increase on Jun 09)	1.8%
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Unemployment (Jun 10)	6.8%
Employment (Jun 10 change on Jun 09)	-0.1%

06 Sep 2007

Employment in manufacturing falls in June 2007 quarter

Fiona Stokes

The latest figures released from Statistics New Zealand indicate a decline in manufacturing employment.

For the June 2007 quarter, the Household Labour Force Survey indicates that while the labour force participation rate is high, there has been a significant annual decrease in employment in the manufacturing industry. In June 2005, the manufacturing industry employed approximately 276,500 FTEs while in June 2007 this number dropped to 266,700.

The Quarterly Employment Survey for the June 2007 quarter illustrates that the number of FTEs increased 1.5% from the previous quarter. However, increased employment in education and construction was partly offset by reductions in manufacturing.

Declining employment in manufacturing has also been highlighted by a recent survey by the Canterbury Manufacturer’s Association (CMA). This survey showed the long-term decline of manufacturing jobs compared to other sectors of the economy.

The Business NZ Performance of Manufacturing Index (PMI) also points out that while employment in July 2007 was up 2.1 points from June, this reading remains below 50 indicating manufacturing employment is declining.

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