New Zealand Unemployment Rate Down to 5.1% in Q2
The jobless rate in New Zealand fell to 5.1 percent in the second quarter of 2016 from a downwardly revised 5.2 percent in the previous period and below market expectations of 5.3 percent. Employment increased by 2.4 percent, partially reflecting improvements to the Household Labour Force Survey, including better identification of self-employed people.
8/17/2016 12:04:39 AM
The number of unemployed persons declined by 1 percent to 131 thousand and employment increased to 2460 thousand. The working age population went up by 0.9 percent to 3716 thousand. The employment rate reached 66.2 percent (+1 percent) and the labour force participation rate also went up to 69.7 percent.
A year earlier, the unemployment rate was higher at 5.5 percent
Wage inflation was 0.4 percent: private sector wage inflation was 0.4 percent, and the public sector one was lower at 0.2 percent.