First Impressions: NZ Labour Market Surveys, June Quarter 2026

The unemployment rate rose to 5.6% in the June quarter, higher than expected. Surveyed employment growth was outweighed by a rise in participation. Unemployment rate: 5.6% (prev: 5.4%, Westpac: 5.4%, RBNZ: 5.4%, mkt: 5.4%) Employment change: 0.5% (prev: +0.1%, Westpac: +0.1%, RBNZ: +0.1%, mkt: +0.1%) Participation rate: 70.7% (prev: 70.4%, Westpac: 70.3%, RBNZ: 70.3%, mkt: […]

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