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New Zealand Unemployment Q1 2021

New Zealand: Unemployment drops as underutilization increases in Q1

The seasonally-adjusted unemployment rate dipped to 4.7% in Q1 2021 from 4.9% in the previous quarter.

Meanwhile, the underutilization rate—which includes both unemployment and underemployment—rose to 12.2% in Q1 2021 from 11.8% in Q4 2020, therefore signaling some increase in the labor market’s untapped capacity.

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