The jobless rate in New Zealand came in at a seasonally adjusted 5.3 percent in the third quarter of 2020, Statistics New Zealand said on Wednesday.
That beat expectations for 5.4 percent, although it was still up sharply from 4.0 percent in the three months prior - representing the biggest quarterly increase on record.
The employment change was -0.8 percent, matching expectations following the 0.4 percent decline in the previous three months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.