Unemployment in New Zealand Is At Its Lowest In a Decade
Many South Africans are considering immigrating to New Zealand, and for good reason. Statistics New Zealand has reported that unemployment in the country is at its lowest in a decade. The number of unemployed people has dropped by 13 000 people and employment rose by 29,000 to 2.663 million.
In South Africa, the unemployment rate rose to 27,2% in the fourth quarter of last year. In its quarterly labour force survey, Statistics South Africa says that the manufacturing sector saw the most job losses. At the end of June 2018, there were 6,1 million people without jobs.
The job situation in South Africa combined with political instability and a weakening currency are only a few of the reasons why South Africans are increasingly considering moving abroad. New Zealand is one of the most popular destinations for both young people and older citizens with families who are looking for a new home.
New Zealand’s Finance Minister, Grant Robertson, said, “The unemployment figure was another real example of New Zealand’s strong economic fundamentals. Our economic plan backs businesses to invest and hire.” The regions in the country with the most significant employment growth are as follows:
Auckland – up by 3,5%
Waikato – up 3,3%
Otago – up 5,5%
Gisborne/Hawke’s Bay – up 6,5%
Taranaki – up 7,1%
If you are looking to move to a country with a steady and solid economy, then New Zealand is a great option. New Zealand’s economy is on the right track and steady growth trends, as well as positive statistics, make it one of the best places to set up home.