NZ third-quarter unemployment sinks to nine-year low, wage inflation accelerates

Tue, 31 Oct 2017

By Rebecca Howard Nov. 1 (BusinessDesk) - New Zealand's jobless rate fell to a nine-year low in September while the impact of $2 billion pay equity settlement for care and support works stoked wage inflation. The kiwi dollar jumped almost half a US cent. The unemployment rate dropped to 4.6 percent in the three months ended Sept. 30 down from 4.8 percent in June, Statistics New Zealand said in its household labour force survey. That's the lowest level since the December 2008 quarter when New Zealand was in recession, and below the 4.7 pe...

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