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- New Zealand’s labour market is mixed in the fourth quarter, while the participation rate reaches the highest level since March 1986
New Zealand’s labour market is mixed in the fourth quarter, while the participation rate reaches the highest level since March 1986
Statistics New Zealand released its labour market data on late Tuesday. The unemployment rate in New Zealand increased to 5.7% in the fourth quarter from 5.4% in the third quarter, missing forecasts for a decline to 5.3%.
The participation rate rose to 69.7% in the fourth quarter from 69.0% in the previous three months, the highest rate since March 1986.
Employment increased 1.2% in the fourth quarter, beating expectations for 0.8% rise, after a 0.9% gain in the third quarter. The third quarter's was revised up from 0.8% increase.
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