Unemployment rises to 3.6%
Slightly higher than expected, while wage inflation remains elevated.
Illustration: Michael Hickmott.
Jonathan Mitchell
Wed, 02 Aug 2023
Unemployment has risen to 3.6%, while wage inflation remains elevated, according to Stats NZ.
Economists had broadly expected unemployment to hit 3.5%, a slight rise on the 3.4% recorded in the March quarter.
Wage cost inflation, measured by the labour cost index, remained at 4.3% on an annual basis,
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Jonathan Mitchell
Wed, 02 Aug 2023
Contact the Writer: jmitchell@nbr.co.nz
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