New Zealand Labour Market Data Shows 5.7% Unemployment

On 4 November, Stats NZ released September-quarter labour-market figures showing unemployment at 5.7%, equivalent to 174,000 people, while the employment rate stood at 66.4%. Average ordinary-time hourly earnings increased 2.9% year on year to NZ$44.86. The figures provide useful evidence for employers and investors assessing labour availability, wage costs and regional business conditions. HPC can support market intelligence, economic analysis and sector research.

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