Unemployment holds steady at 3.4%, wage pressures elevated
Stats NZ data comes in as expected, with unemployment remaining near historic lows.
Graphic: Michael Hickmott.
Jonathan Mitchell
Wed, 03 May 2023
Unemployment has held steady amid a tight labour market, with wage pressures remaining hot, according to data from Stats NZ.
It showed the unemployment rate remained at 3.4% in the March quarter, the same as the December quarter, but above the 3.2% recorded a year ago.
The underutilisation rate – a
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Jonathan Mitchell
Wed, 03 May 2023
Contact the Writer: jmitchell@nbr.co.nz
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