January Monthly Economic Update
Key trends were:
- 25% increase in the value of international card holder retail spending through the Paymark network in Palmerston North in the month of December,
- 4.6% increase for domestic card holder spending in the city,
- there were 1,474 people receiving an unemployment benefit in the Manawatu region at the end of December, an increase of 53 people from September but 53 people less than in December 2010 (5.3% decline)
- there was a 10.6% decline in the number of people registered for the unemployment benefit in New Zealand (from December 2010)
- there was an increase of 160 people in the Manawatu region receiving the student – hardship benefit
- there was little change in the number of people receiving other benefits in the region (domestic purposes, sickness and invalids)
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