Annual Employment Report 2015

Attached is the annual employment report for 2015.

 

Job Seeker Benefits

  • In September 2015 there were 2,886 people registered for the Job seeker benefit in the Manawatu region, a decline of 6% from September 2014 (decline of 189 people).  National Job Seeker benefits declined by 1.8% from the previous year.
  • The region experienced a 12% decline in the number of people who had been registered for the Job Seeker benefit for one year or less while the number registered for the benefit for more than a year declined by 1%. 
  • Employee Numbers
  • There were 55,170 jobs in the Manawatu region in February 2015, an increase of 730 jobs from February 2014 (1.3% increase).    National employment increased by 46,630 jobs in the year to February 2015, an increase of 2.3%. 
  • Data for the individual local authorities in the region shows that in February 2015 there were:
    • 8,490 jobs in Manawatū District, an increase of 250 jobs (3.0% increase) from February 2014.
    • 46,840 jobs in Palmerston North, an increase of 480 jobs (1.0% increase) from February 2014.
  • Over the period from 2000 to 2015, total employment in the region increased by 19%, with 8,860 more jobs in 2015 compared with 2000. 

Incomes

  • Total earnings (salaries, wages and self-employment income) in the Manawatu region in the year ended March 2014 were $2,901 million, an increase of 4.0% from 2013.  National incomes increased by 5.3% from the previous year. 
  • Data for the individual local authorities in the region shows that in the year ended March 2014:
    • Annual earnings were $478 million in Manawatū District, an increase of $35.1 million (7.9% increase) from the previous year.
    • Annual earnings were $2,423 million in Palmerston North, an increase of $75.6 million (3.2% increase) from the previous year.
  • Income from salaries and wages in the region rose by 2.6% in the year to March 2014 while income from self-employment increased by 12.5%.  This is likely to be due to the 2013 drought, which resulted in a 14% reduction in total earnings in the agriculture, forestry and fishing sector in 2013.   
  • Average earnings from salaries and wages in the region (full quarter jobs) were $49,837 in the year to September 2014, an increase of 2.5% from the previous year (New Zealand increase of 3.0%).
  • The average worker turnover rate in the region in the September 2014 quarter was 11.9% compared with 14.0% for New Zealand.

 To view the full report click here.

 

 

 

Economic Update - December 2015

Attached is the latest monthly economic update, with comments on electronic card retail spending in November and visitor spending during the year ended March 2015.

 

Marketview electronic card retail spending (November 2015):

  • Electronic card retail spending (debit and credit card) in the Manawatu region increased by 1.1% in November while New Zealand retail spending increased by 1.6%.
  • Spending in Palmerston North increased 0.9% while Manawatu District spending increased by 2.4%.
  • Department store spending in Palmerston North declined by 2.2% in November, following an increase of 6.8% in November 2014.

Visitor spending (year ended March 2015):

  • Visitor spending in the Manawatu region was $501 million in the year ended March 2015, an increase of 11.9% from the previous year.  Visitor spending in New Zealand increased by 11.4% over this period.
  • Domestic visitor spending in the region was $456 million, 11.4% higher than the previous year (New Zealand increase of 6.8%)
  • International visitor spending was $45 million, an increase of 18% (New Zealand increase of 20.1%).
  • Domestic visitor spending in the region increased by $117 million between 2009 and 2015, an increase of 35%.  This was well ahead of the 17% increase in domestic visitor spending across New Zealand:
    • Wellington resident spending in the region increased by $24.7 million (36%) between 2009 and 2015,
    • Auckland resident spending increased by $23.5 million (77% increase),
    • Canterbury resident spending increased by $16.3 million (115% increase)

To view the full report click here.

 

 

 

November / December Newsletter

Vision Manawatu November / December Newsletter

  • Supporting business development for another 5 1/2 years

  • Business Mentors NZ now part of the Regional Business Partner Programme

  • CEDA Directors have been appointed

  • International Education Strategy update

  • Quarterly Economic Update - Sept 2015


    Click here to view 

 

   

Quarterly Economic Monitor - September 2015

The Manawatu Quarterly Economic Monitor report for the September quarter has been released. 

Key trends for the quarter were:

  • Estimated annual GDP growth in the Manawatu region was 1.9% in the year ended September 2015, while New Zealand GDP is estimated to have increased by 2.8%. 
    • Palmerston North GDP increased by 2.1%,
    • Manawatu District GDP increased by 1.3%, reflecting the greater impact of the dairy sector on the District’s economy, 
  • Electronic card retail spending in the Manawatu region in the September quarter was $297 million, an increase of 3.4% from the September 2014 quarter, while national growth was 2.8%.  Statistics New Zealand estimates that retail prices fell by 1.0% in the year to September 2015.
  • Commercial accommodation guest nights in the Manawatu region increased by 11.3% in the September quarter while national guest nights increased by 4.5%.
  • Consents for 68 new residential dwellings were issued in the region in the September quarter compared with 65 in the September 2014 quarter, an increase of 22%.  National consents increased by 16%.
  • Non-residential consents to the value of $99 million were issued in the region during the year to September 2015, an increase of 68% from the previous year.  National consents increased by 15% over the same period.
  • Car registrations in the region increased by 9.9% in the year ended September (national registrations increased by 12.0%) while the number of commercial vehicles registered declined by 9.1% (national increase of 7.3%). 
  • It is estimated the annual average unemployment rate in the Manawatu region in the year ended September was 7.2% compared with 5.8% for New Zealand.  The number of people in the region registered for the MSD Job Seekers benefit declined by 6.1% in September 2015 from September 2014 while the number in New Zealand declined by 1.8%.
  • Traffic flows in the Manawatu region in the year to September increased by 5.4% from 2014 compared with an increase of 4.0% for New Zealand.
  • The Manawatu region experienced a net gain of 559 people from overseas migration in the year ended September 2015 compared with a net gain of 526 people in the year to September 2014.  The average annual gain in the region over the last 9 years was 117 people.
  • Ministry of Business, Innovation and Employment tourism spending estimates show that domestic visitor spending in the region increased by 7.9% in the September quarter, well ahead of national growth of 2.6%.  International visitor spending growth in the region increased by 10.2% compared with national growth of 14.5% in the quarter.

To read the full report click here

 

 

 

 

 

Economic Update - November 2015

Attached is the latest monthly economic update, with comments on electronic card retail spending in October and visitor nights during the year ended September 2015.  Please let me know if you have any queries about the current update or the data.

Marketview electronic card retail spending (October 2015):

  • Electronic card retail spending (debit and credit card) in the Manawatu region increased by 0.6% in October while New Zealand retail spending increased by 2.4%.
  • Spending in Palmerston North declined 0.4% while Manawatu District spending increased by 3.7%.
  • Spending at takeaways in the region increased by 13.1% but accommodation spending declined by 5.8% and fuel spending declined by 9.7%. 

Visitor nights (year ended September 2015):

  • There were 2.2 million visitor nights in the Manawatu region in the year ended September 2015, an increase of 4.6% from 2014.
  • Commercial accommodation visitor nights increased by 7.4% from the previous year while nights in private homes increased by 3.9%.
  • Motels have accounted for most of the increase in guest nights in commercial accommodation between 2014 and 2015 but there has also been a recovery in hotel guest nights.
  • Annual visitor nights in the region have increased by 60% over the last ten years, from 1.4 million nights in 2005 to 2.2 million in 2015:
    • Commercial accommodation nights weakened slightly between 2005 and 2015.
    • Visitor nights in private homes doubled between 2005 and 2015, rising from 0.9 million in 2004 to 1.8 million in 2015.

 

 

   

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