NZ unemployment rate at 3.3% in June quarter

Rebecca Howard
Wed, 03 Aug 2022

NZ unemployment rate at 3.3% in June quarter
Food service was among sectors with the biggest wage growth. (Image: Deposit Photos)
Rebecca Howard
Wed, 03 Aug 2022
The tight labour market and the highest wage increases in more than a decade will keep the central bank on its tightening track. Unemployment held steady at 3.3% in the June quarter versus 3.2% in the March quarter. The seasonally adjusted number of unemployed people reached 96,000 versus 94,000.Annual wage inflation – as measured by the labour cost index (LCI) – rose 3.4% on the year, with private sector wages up 3.4% and public sector wages up 3%. The June quarter had the largest increase in labour cost index salary and...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.