New Zealand Jobless Rate 4.8% In Q3
(RTTNews) - New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.
That was beneath expectations for 5.0 percent and up from 4.6 percent in the previous quarter.
Overall employment was down 0.5 percent on quarter, shy of forecasts for a fall of 0.4 percent after adding 0.4 percent in the second quarter.
The participation index came in at 71.2 percent, missing forecasts for 71.5 percent and down from 71.7 percent in the three months prior.
The labor cost index rose 0.6 percent on quarter and 3.4 percent on year, slowing from 0.9 percent on quarter and 3.6 percent on year in the second quarter.
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New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
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New Zealand posted a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Building Permits Sink 5.2% In October
The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday - coming in at 2,850.
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New Zealand Slashes Key Interest Rate By 50 Bps
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New Zealand Retail Sales Dip 0.1% On Quarter In Q3
The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion.
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New Zealand Has NZ$1.544 Billion Trade Shortfall In October
New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday.
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