CORRECT: NZ employment data supports picture of strong economy with little inflation

Wed, 04 Feb 2015

(Fixes participation rate in second paragraph of updated story) By Jonathan Underhill Feb. 4 (BusinessDesk) - New Zealand employment data showed a record number of people entered the workforce in the fourth quarter and the participation rate reached an all-time high, yet wage inflation was mild, leaving the economy in a sweet spot of robust economic growth with little inflation. The size of the labour force grew by 36,000 in the final three months of 2014 and employment rose a greater-than-expected 1.2 percent, for an annual gain of 3....

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