Results - data and trends
The link below points to a file that contains the source data to this indicator's graph and any additional data. The file is in comma separated (csv) format and intended to be opened in spreadsheet software.
The graph below shows the most recent unemployment rate in the Waikato region is lower than the overall unemployment rate in New Zealand. Waikato unemployment in the March quarter is the lowest it's ever been since the current series began in 1991.
The implication is that businesses will find it harder to employ and retain suitably skilled staff. Wages and overtime will probably increase. One solution is to invest in machinery or systems to help existing employees work more efficiently (thus substituting capital for labour).
Many business could also offer more flexible working arrangements to utilize the large pool of under-employed people who cannot work traditional business hours due to being a student, retired, a caregiver, or having an illness or disability.
The next chart shows a breakdown for the eleven territorial authorities within the Waikato region. This data is sourced from the 2013 Census of Population and Dwellings so the Waikato region and New Zealand unemployment rates (7.5 and 7.1 per cent respectively) are slightly different to HLFS measurements.
The number of unemployed is defined as people over the age of 15 who are actively seeking work and not already employed. As at 31 March 2013, there were 186,600 people employed either full-time or part-time in the Waikato region, a one per cent decrease from March 2006. There were 15,100 people unemployed and seeking work, 48 per cent more than in 2006.
South Waikato district had the highest unemployment rate of 11.7 per cent followed by Hamilton city at 9.5 per cent. Rotorua district had the lowest rate (3.2 per cent) but this is only a small, rural portion of the district. Rotorua city is not part of the Waikato region.