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New Zealand Jobless Rate Falls To 3.9% In Q3

The unemployment rate in New Zealand came in at a seasonally adjusted 3.9 percent in the third quarter of 2018, Statistics New Zealand said on Wednesday.

That was well beneath expectations for 4.4 percent and down sharply from 4.5 percent in the three months prior.

Employment saw an increase of 2.8 percent on year - exceeding expectations for a gains of 2.0 percent following the 3.7 percent spike in Q2.

The participation rate was 71.1 percent, beating forecasts for 70.9 percent - which would have been unchanged from the previous quarter.

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