Construction emerges as the engine of the city’s job growth

The number of jobs in Dunedin fell 1.5% in the year ending March 2021, according to the city’s latest economic update.

Dunedin Councilors discussed the Infometrics Annual Economic Profile 2021 at the Economic Development Committee meeting yesterday.

The profile revealed that total employment in the city of Dunedin averaged 65,017 in the year to March 2021, down 1.5% from the previous year.

The accommodation and food service sector saw the biggest decline in jobs, losing 376.

Construction saw the strongest job growth, adding 290 jobs over the year.

Average income in Dunedin rose 3.2% to $59,804, which was below the New Zealand average of $65,910.

Business analytics entrepreneur Benje Patterson told advisers the economic outcome was better than expected compared to forecasts at the start of the Covid-19 pandemic.

This was largely due to the support, such as the wage subsidy, that businesses and employers received, and the fact that most parts of the economy could operate “quite freely”.

The economic profile revealed that GDP in Dunedin was down 1% in the 12 months to March 2021.

The health and social assistance sector made the largest contribution to the city’s overall growth between 2020 and 2021, with growth of 2.5%.

The transportation, post and warehousing sector, which fell 16.8%, was the main drag on growth during the year.

GDP per employee in Dunedin stood at $105,018 in the year to March 2021, 15.9% lower than the rest of the country.

The city’s productivity increased by 0.5% over the previous year. This compares to a 1.4% decline in New Zealand.

As of March 31, 2021, Stats New Zealand noted that, based on payroll statements, employment numbers in Dunedin in November 2021 were up 3% from November 2020.

Data from the Department of Social Development indicated that just over 4,100 people in Dunedin were receiving jobseeker support in November 2021.

This compared to 4500 in November 2020.

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