Unemployment rate falls but slowing economy reduces proportion in work
Quarterly labour market figures show wage increases remaining at 2% annually.
Nevil Gibson Wed, 01 May 2019
The slight falls in both the unemployment and employment rates in the March quarter reflect the softening in the economy over that period.
While the fall in the employment rate – the number at work in the total population – fell short of some expectations, the drop in the unemployment rate
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