Unemployment fell, buttressed by a better?than-expected performance in the economy. In the third quarter, the economy added 23,000 jobs in seasonally adjusted terms, which contrasted the revised 2,000 jobs lost in the second quarter (previously reported: 5,000 jobs lost). The three-month figure to September marked the highest number of jobs added since Q2 2008. The labour market improvement reflected a gain in both part-time and full-time time jobs. As a result of the labour market improvement in the July-September period, the unemployment rate fell from a seasonally adjusted 6.9% in the second quarter to 6.4% in the third, even better than upbeat market expectations, which had the unemployment rate falling to 6.7%.
New Zealand Unemployment
Unemployment rate falls more than expected in the third quarter
October 28, 2010
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New Zealand Economic News
October 19, 2016
In Q3, consumer prices edged down from the quarter-on-quarter seasonally-adjusted 0.4% increase observed in Q2 to 0.2%.
September 30, 2016
Economic sentiment among New Zealand businesses rebounded in September after declining for two consecutive months.
September 22, 2016
At its meeting held on 22 September, the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at 2.00%.
September 19, 2016
New Zealanders’ confidence rose in Q3 after having deteriorated in the previous two quarters.
September 15, 2016
GDP grew a seasonally-adjusted 0.9% over the previous quarter in Q2, which matched the result tallied in Q1.