Veterinary Services and Animal Care
Labour Market Dynamics
Industry dataset (economic indicators and labour market dynamics)
Source: Linked Employer-Employee Data, Stats NZ1
Linked Employer-Employee Data (LEED) data is produced by Stats New Zealand quarterly to measure labour market dynamics. There is a lag in data availability of around 14 months due to the time it takes for the data to be completed by employers, to flow through Inland Revenue, and for Stats NZ to undertake relevant transformations and quality checks2. Here, we show the most recent data available at the time of publishing.
LEED data is available at the ANZSIC ‘group’ level, which is a broader level of classification than the ANZSIC class codes used for the workforce estimates. The relevant ANZSIC group here is 697 Veterinary Services3 which includes businesses engaged in the practice of veterinary medicine or surgical services for domestic animals or livestock and animal hospitals.
Median Earnings
The median earnings for the Veterinary Services industry have been consistently lower than that across all industries, although they show a similar increasing trend.
In the chart, we provide two benchmarks for reference: ‘agriculture, forestry and fishing’ which covers all industries involved in growing crops, raising animals, growing and harvesting timber, and harvesting fish and other animals from farms or their natural habitats, and a benchmark for ‘all industries’ which includes every industry group in New Zealand.
Quarterly Turnover Rate
Veterinary Services follows similar trends to the quarterly worker turnover rate across all industries in New Zealand. However, it has a turnover rate that is much lower than across ‘agriculture, forestry and fishing’ industries.
In the chart, we provide two benchmarks for reference: ‘agriculture, forestry and fishing’ which covers all industries involved in growing crops, raising animals, growing and harvesting timber, and harvesting fish and other animals from farms or their natural habitats, and a benchmark for ‘all industries’ which includes every industry group in New Zealand.
Number of Filled Jobs
The number of filled jobs is an indicator of economic activity. There is a long-term increasing trend in the number of filled jobs in Veterinary Services with the number of filled jobs increasing by around 770 (an increase of 15.5%) between the June quarter of 2015 and June quarter of 2020. The increasing trend accelerated after the June 2020 quarter, where there was 19% growth (or 1,090 increase) in the number of filled jobs in the Veterinary Services industry, when compared with June 2022 when it peaked at 6,820 jobs filled.
Footnotes
1. Statistics New Zealand, “A Guide to Interpreting Official Quarterly Statistics Produced from the Linked Employer-Employee Data (LEED).,” Statistics New Zealand, July 29, 2009, https://www.stats.govt.nz/methods/guide-to-interpreting-the-leed-data.
2. Statistics New Zealand.
3. Australian Bureau of Statistics, “Veterinary Services - Group 697,” June 26, 2013, https://www.abs.gov.au/statistics/classifications/australian-and-new-zealand-standard-industrial-classification-anzsic/2006-revision-2-0/detailed-classification/m/69/697.