The jobless rate in New Zealand came in at a seasonally adjusted 4.7 percent in the first quarter of 2021, Statistics New Zealand said on Wednesday.
That was shy of estimates for 4.9 percent, which would have been unchanged from the previous three months.
The employment change was 0.6 percent on quarter, steady from the three months prior but surpassing expectations for 0.2 percent.
The participation rate was 70.4 percent in the first quarter - beating forecasts for 70.3 percent and up from 70.2 percent in the previous quarter.
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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.