Labour market

Why is this important for social statistics?

We measure the labour market because it has an important role in social well-being. Employment provides people with incomes to meet their basic needs and to contribute to their material comfort, and gives them options for how to live their lives.

Employment

The employment rate is the proportion of the population aged 15 and over who are employed for at least one hour per week.
Labour force participation rate
The number of people in the labour force (employed and unemployed) divided by the total working-age population.
Labour productivity
The ratio of economic output to labour input. Output is measured by gross domestic product (GDP).
Median hourly earnings
Median hourly earnings from all wages and salaries, for employees aged 15 years and over who earn income from wage and salary jobs.
Satisfaction with work-life balance
The proportion of employed people who are ‘satisfied’ or ‘very satisfied’ with their work-life balance.
Unemployment
The proportion of people, 15 years and older, who are not employed and who are actively seeking and available for paid work.
Work-related injury claims
This indicator reports on the incidence of work-related injury claims that occur in New Zealand.