Economists question sharp drop in NZ unemployment rate

Wed, 03 Feb 2016

By Paul McBeth Feb. 3 (BusinessDesk) - Economists are taking the sharp drop in New Zealand's unemployment rate with a grain of salt, even while saying employment data overall highlights a robust labour market where record inbound migration is helping curb wage inflation. The country's unemployment rate fell to its lowest level in almost seven years, at 5.3 percent in the fourth quarter of 2015, surprising economists who had forecast an increase to 6.1 percent, from 6 percent in the third quarter. The result came from Statistics New Zealan...

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