Unemployment below 6 percent in election year, says MBIE

Wed, 05 Sep 2012

By Pattrick Smellie Sept. 6 (BusinessDesk) – New Zealand’s jobless rate is forecast to fall below 6 percent in 2014, the Ministry of Business, Innovation and Employment says in forecasts released this morning, with ageing baby boomers more than holding up their end in the labour market. The June quarter household labour force survey surprised forecasters with a 0.1 percentage point rise in the unemployment rate to 6.8 percent, rather than an anticipated fall. However, the MBIE forecasts see unemployment falling to 6.2 percent in March 2013 a...

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