RBNZ 'wont be too trigger happy' with rates rises

The proportion of people aged 15-24 years not in employment, education, or training fell to 10.8% versus 11.8% a year ago. (Image Deposit Photos)

Jem Traylen

Wed, 04 Aug 2021

Unemployment and underutilisation both dropped sharply in the June quarter, indicating the labour market had returned to the tight conditions experienced shortly before the covid crisis began.The unemployment rate was 4% versus 4.6% in the prior quarter. The fall exceeded most economists’ forecasts which predicted a rate around 4.4% but was in line with recent reports of labour shortages and weekly employment data.The number of unemployed fell by 12.4% over the June quarter to reach 117,000 – the same level as a year ago.This was th...

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