Unemployment rate edges up to 3.6%

(Image: Getty)

Wed, 02 Aug 2023

New Zealand’s unemployment rate for the June quarter nudged higher than expected while annual wage inflation remained steady at 4.3%The seasonally adjusted unemployment rate rose to 3.6% in the three months ended June 30, from 3.4% in the March quarter, Stats NZ said in its household labour force survey.This was above the 3.5% rate the Reserve Bank of New Zealand predicted unemployment to sit at in the June quarter.Kiwibank economists had anticipated the unemployment rate to shift from 3.4% to 3.5% while Bank of New Zealand economists exp...

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