Waikato regional economic profile - Waikato Regional Council

Figure 6: Employment by sector including owner-operators (2011)2.4 UnemploymentUnemployment rates have tracked fairly closely to the national rate for the past 25years, with occasional spikes and troughs, as shown in figure 7. This could indicatethat the Waikato region is very susceptible to the effect of recessions and periods ofhigh growth or be explicable by events outside normal cycles, e.g. new firm openingsand redundancies from firm closures etc. Unemployment in the region has tended to belower than Auckland but higher than Wellington and Canterbury. In 2012, however, itwas lower than only Manawatu-Wanganui and Northland, as illustrated by figure 8.16Unemployment rate (%)141210864WaikatoNewZealandAustralia2198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012Figure 7: Unemployment rate for Waikato, New Zealand and Australia, 1986 to 2012Doc # 2069885 Page 15