UPDATE: NZ jobless rate falls to five-year low as Canterbury fuels employment growth

Tue, 05 Aug 2014

(Adds economist comment) By Paul McBeth Aug. 6 (BusinessDesk) - New Zealand's unemployment rate fell to a five-year low in the June quarter as employment growth in Canterbury fuelled the labour market. The kiwi dollar fell after the figures were released. The unemployment rate fell to 5.6 percent in the three months ended June 30, from a revised 5.9 percent in the March quarter, according to Statistics New Zealand's household labour force survey. That's the lowest rate since March 2009, and below the 5.8 percent forecast in a Reuters s...

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