New Zealand Unemployment Rate Rises To 3.3% In Q3

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New Zealand Unemployment Rate Rises To 3.3% In Q3

(RTTNews) - The jobless rate in New Zealand came in at a seasonally adjusted 3.3 percent in the third quarter of 2022, Statistics New Zealand said on Wednesday - unchanged from the previous quarter, but missing expectations for 3.2 percent.

The employment change was 1.3 percent on quarter, exceeding forecasts for an increase of 0.5 percent following the flat reading in the three months prior.

The participation rate jumped to 71.7 percent, beating forecasts for 71.0 percent and up from 70.8 percent in the second quarter.

Labor costs rose 3.7 percent on year, accelerating from 3.4 percent in the previous quarter.

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New Zealand Building Permits Rebound In November

New Zealand Building Permits Rebound In November

The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.
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New Zealand GDP Falls 1.0% In Q3

New Zealand GDP Falls 1.0% In Q3

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New Zealand Terms Of Trade Climbs 2.4% In Q3

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New Zealand Building Permits Sink 5.2% In October

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