NZ employment grows 0.4% in Q4, unemployment rate ticks up to 4%

New Zealand’s employment grew 0.4% qoq in Q4, slightly above expectation of 0.3% qoq. Unemployment rate ticked up from 3.9% to 4.0%, below expectation of 4.3%. Labor force participation rate fell from 72.0% to 71.9%. Labor cost index for salary and wage rates, inclusive of overtime, recorded a 4.3% yoy increase, maintaining the same annual […]

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