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New Zealand Unemployment Q1 2024

New Zealand: Unemployment rate rises in Q1

The seasonally-adjusted unemployment rate rose to 4.3% in Q1 2024 from 4.0% in Q4 2023.

Meanwhile, the employment rate fell to 68.4% in Q1 from 69.0% in Q4, while the underutilization rate—which includes both unemployment and underemployment—increased to 11.2% in Q1 from 10.7% in Q4.

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