November 05, 2024 21:50 GMT
NEW ZEALAND: Sharp Drop In Employment But Unemployment Lower Than Expected
NEW ZEALAND
Q3 labour market data showed that the weak economy is weighing on jobs with employment falling 0.5% q/q and Q2 revised down to +0.2% q/q, weaker than expected. But the unemployment rate rose 0.2pp to 4.8%, lower than Bloomberg consensus as the participation rate fell more than expected to 71.2%. More details to follow.
- See Statistics NZ press release here.
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