NZ unemployment rate rises to 5.9% as jobs growth lags behind growing population

Tue, 04 Aug 2015

By Paul McBeth Aug. 5 (BusinessDesk) - New Zealand's jobless rate rose up in the second quarter as the number of new jobs created failed to keep pace with an expanding working population driven by record migration. The kiwi dollar fell. The unemployment rate rose to a seasonally adjusted 5.9 percent in the three months ended June 30, from 5.8 percent in the March quarter, according to Statistics New Zealand's household labour force survey. Employment grew 0.3 percent in the quarter, falling short of expectations for 0.5 percent jobs growt...

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