UPDATE: NZ jobless rate lowest since December 2008 but wage inflation remains anemic

Tue, 01 May 2018

(Updates to add detail and comment from economists beginning in paragraph six, and market reaction) By Rebecca Howard May 2 (BusinessDesk) - New Zealand's jobless rate fell to its lowest level in almost a decade in the first quarter while wage inflation remained anemic, adding to the view that the central bank will continue to signal no increase in interest rates in next week’s review. The unemployment rate dropped to 4.4 percent in the three months ended March 31, down from 4.5 percent in December, Statistics New Zealand said in its...

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