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MNI BRIEF: NZ Unemployment At 5.1% Over Q4

MNI (MELBOURNE) - The New Zealand unemployment rate rose 30 basis points to 5.1% over Q4, in line with market expectations and the Reserve Bank of New Zealand’s most recent forecast, Stats NZ data showed Wednesday. 

The underutilisation rate increased to 12.1% from 11.6%, while the employment rate dropped to 67.4% from 67.7%. Wages meanwhile increased 3.3%, the data showed. 

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MNI (MELBOURNE) - The New Zealand unemployment rate rose 30 basis points to 5.1% over Q4, in line with market expectations and the Reserve Bank of New Zealand’s most recent forecast, Stats NZ data showed Wednesday. 

The underutilisation rate increased to 12.1% from 11.6%, while the employment rate dropped to 67.4% from 67.7%. Wages meanwhile increased 3.3%, the data showed. 

Keep reading...Show less