2024 Labour Market Update - Wellington

3.3%

Unemployment rate

75.7%

Participation rate

4.7%

Inflation

-29%

Annual job ad change

2024 Wellington Market Insights

2023 was a tale of two halves. The first six months saw strong recruitment activity, however, from mid-year onwards, the number of contract and temp roles declined markedly. Permanent roles remained reasonably steady until election time.

Since the election and a new government, recruitment in the sector has stalled markedly. With pressure on the government's fiscal budget, 2024 is likely to be a challenging year for those in the government sector with reductions in the workforce.

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63%

Active job seekers

33%

Passive job seekers

1%

Hesitant job seekers

3%

Inactive job seekers

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2024 Employment and Salary Trends Report

Salary trends, talent attraction, and retention strategies

Explore the future of recruitment in New Zealand, Australia, and the United Kingdom as well

as job seekers' expectations and company culture alongside labour market trends.

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