Sectoral reallocation and income growth in the labour market during the COVID-19 pandemic. A review of the New Zealand labour market during COVID-19

Guanyu Zheng and Marea Sing

No AN2023/01, Reserve Bank of New Zealand Analytical Notes series from Reserve Bank of New Zealand

Abstract: Key findings: The New Zealand labour market has been resilient and flexible during the COVID-19 pandemic, with workers switching industries to stay in work and earn more. During 2020 and 2021, there were big increases in the number of jobs in the health and building industries. Jobs in the health industry increased by 15,950 and jobs in the building industry increased by 17,650. Jobs in high-contact and tourism-related industries — for example hotels, restaurants and arts and recreation — fell by 33,250. This was because of COVID-related restrictions and our borders being closed.

Pages: 20 pp.
Date: 2023-05
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