UPDATE: New Zealand's unemployment rate falls to 11-year low

Mon, 05 Aug 2019

(Updates with additional detail from seventh paragraph) 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 65.68 US c...

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