NZ Wages Up 0.5% For March Quarter

4/30/2012 7:07 PM ET

Salary and wage rates in New Zealand increased 2.1 percent for the year ending in the March quarter, Statistics NZ reported Tuesday.

The figure includes overtime.

Statistics NZ said for the quarter, rates increased 0.5 percent.

Private sector salary and wage rates increased 2.1 percent on year.

Public sector rates increased 1.6 percent on year.

The Quarterly Employment Survey showed average hourly earnings, excluding overtime, rose 3.8 percent for the year to March. Rates had risen 2.8 percent for the year to December 2011.

by RTT Staff Writer

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