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6 Nov 2018
NZ: Unemployment rate drops to 3.9% in Q3 vs 4.5% expected
According to the latest data published by Statistics New Zealand, the unemployment rate in the third quarter fell to 3.9% from 4.5% recorded in the second quarter.
Key takeaways from the official press release
- Underutilisation rate fell to 11.3 percent.
- Employment rate rose to 68.3 percent.
- Filled jobs rose 0.3 percent.
- Average ordinary time hourly earnings rose to $31.34.
- Wage rates increased 1.8 percent annually.