New Zealand’s labour market weakened further in Q3, with unemployment rising from 5.6% to 5.7%, its highest level since 2015, exceeding market expectations of 5.5%. Employment unexpectedly contracted by 0.1% qoq, compared with expectations of a 0.4% increase, following an upwardly revised 0.3% gain in Q2. The number of employed people declined by approximately 5,000 […]
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