Unemployment to hit 4 percent by 2021, says MBIE

Thu, 28 Nov 2013

Nov. 29 (BusinessDesk) – Job growth and higher retirement rates over the next eight years are predicted to push unemployment as low as 4 percent by 2021, says new forecasts from the Ministry of Business, Innovation and Employment. The Medium-Long Term Employment Outlook expects slightly faster growth in the near term, with total new jobs created between 2011 and 2016 projected to grow by 180,300, followed by a further 174,500 jobs through to 2021. “This represents employment growth of about 1.6 percent per year (or 36,000 on average) and abo...

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