FIRST TAKE: NZ unemployment rate hits 11-year low

Mon, 05 Aug 2019

By Rebecca Howard Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate fell to an 11-year low while wages ticked up on the back of a rise in the minimum wage. The seasonally adjusted unemployment rate fell to 3.9 percent in the three months ended June 30, from 4.2 percent in the March quarter, Stats NZ said in its household labour force survey. Economists surveyed by Bloomberg had tipped the unemployment rate to lift to 4.3 percent. The New Zealand dollar rose to 65.72 US cents from 65.26 cents just ahead of the data. The unem...

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