NZ: Unemployment rate drops to 3.9% in Q3 vs 4.5% expected

Eren Sengezer FXStreet

According to the latest data published by Statistics New Zealand, the unemployment rate in the third quarter fell to 3.9% from 4.5% recorded in the second quarter.

Key takeaways from the official press release

Underutilisation rate fell to 11.3 percent.
Employment rate rose to 68.3 percent.
Filled jobs rose 0.3 percent.
Average ordinary time hourly earnings rose to $31.34.
Wage rates increased 1.8 percent annually.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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