THE holiday period is well and truly over, Parliament is up and running, and we have had a particularly positive start to 2016 with good news on the unemployment and tourism fronts.
The latest Household Labour Force Survey shows unemployment has fallen to 5.3 per cent, which is the lowest it has been since March 2009. There were an extra 21,000 jobs in the December quarter alone, and 175,000 additional jobs over the past three years.
It is encouraging to see strong falls in unemployment across the country and especially in our region.
In Manawatu/Whanganui, unemployment fell 2.4 percentage points from December 2014 to December 2015, while, at the same time, wages have continued to outpace cost of living increases, with the average weekly wage up 3.1 per cent in the past year, compared with inflation at just 0.1 per cent.
I am also encouraged by other recent labour market statistics. A highlight for me is the figure for youth not in employment, education or training which, at 10.9 per cent, is the lowest it has been since September 2008.