NZ unemployment rate tumbles to decade-low 3.9%

Tue, 06 Nov 2018

By Rebecca Howard Nov. 7 (BusinessDesk) - New Zealand’s jobless rate unexpectedly tumbled to its lowest level in a decade in the September quarter as the labour market remains tight. The New Zealand dollar rose. The seasonally adjusted unemployment rate fell to 3.9 percent in the three months ended Sept 30 from 4.4 percent in the June quarter, Statistics New Zealand said in its household labour force survey. The number was well below the 4.4 percent forecast in a Bloomberg poll of 13 economists and was the lowest it has been since the...

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