Latest Employment Forecast from MBIE

The Ministry of Business, Innovation and Employment recently released the Medium to long term employment outlook: looking ahead to 2025 report. Below are the key findings from this report. 

  • Employment is projected to grow by 1.9 per cent annually, adding about 48,000 workers on average per year to the workforce in the next 10 years.
  • The construction and utilities industry is forecast to show the strongest gain in employment (6,800 workers per year) in the 10 years to 2025.  
  • Employment growth will be strongest for highly-skilled occupations (2.5 per cent or 27,400 annually)
  • Strong migration-led domestic spending, particularly in the construction and business services industries, will be a strong factor in employment growth over the forecast period.

You can read the full report here.