MBIE Report: Employment forecast to grow 152,000 by 2020

The Short-term Employment Forecasts: 2017 - 2020 report was recently released by the Ministry of Business, Innovation and Employment.

Employment across New Zealand's sectors and regions is forecast to grow by 2.0 per cent, or 152,000 over the three years to March 2020.

Construction and business services sectors will continue to boost employment, adding nearly 56,000 workers over the next 2-3 years. 

Highly-skilled occupations will grow by 94,000, with lower-skilled occupations rising by 40,000. The employment growth in highly-skilled occupations (2.9 per cent) is forecast to be greater than the overall rate of growth in employment.

All regions are forecast to grow over the next three years – growth will be strongest in the Tasman and Marlborough regions.

The unemployment rate is forecast to remain at or below 5 per cent in the March quarters of the forecast period.

You can read the full report here