logo
Plus   Neg
Share
Email

New Zealand Jobless Rate Climbs To 5.2% In Q4

The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the fourth quarter of 2016, Statistics New Zealand said on Wednesday - exceeding expectations for 4.8 percent, which would have been unchanged from the three months prior.

The participation rate was 70.5 percent, topping forecasts for 70.2 percent and up from 70.1 percent in the third quarter.

The employment change was up 0.8 percent on quarter, beating estimates for 0.7 percent and down from 1.3 percent in the previous three months.

On a yearly basis, the employment change gained 5.8 percent - shy of forecasts for 6.1 percent, which would have been unchanged.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT
>