New Zealand unemployment just hit a nine-year low.
According to data released by Statistics New Zealand (StatsNZ) today, the national unemployment rate fell to 4.8% in the June quarter, leaving it sitting at the lowest level since the December quarter 2008.
It was lower than the 4.9% rate reported in the previous quarter, and was in line with market expectations. It fell by 0.3 percentage points from a year earlier.
“The fall in unemployment over the quarter came primarily from 10,000 fewer women being unemployed. This pushed the female unemployment rate down 0.8 percentage points to 4.9%, the lowest unemployment rate for women since the March 2009 quarter,” said StatsNZ.
“The male unemployment rate rose by 0.5 percentage points, or 7,000 men, to 4.7% in the June 2017 quarter.”
According to data released by Statistics New Zealand (StatsNZ) today, the national unemployment rate fell to 4.8% in the June quarter, leaving it sitting at the lowest level since the December quarter 2008.
It was lower than the 4.9% rate reported in the previous quarter, and was in line with market expectations. It fell by 0.3 percentage points from a year earlier.
“The fall in unemployment over the quarter came primarily from 10,000 fewer women being unemployed. This pushed the female unemployment rate down 0.8 percentage points to 4.9%, the lowest unemployment rate for women since the March 2009 quarter,” said StatsNZ.
“The male unemployment rate rose by 0.5 percentage points, or 7,000 men, to 4.7% in the June 2017 quarter.”
