Statistics New Zealand has this morning released its labour force data for the December quarter, with employment growth strengthening, and the unemployment rate crashing to 5.3% from 6.0% in September. The key changes are outlined in the below table:
As shown above, employment rose 0.9% in the December quarter, whereas the unemployment rate plummeted to 5.3%, assisted by a 0.3% decrease in the labour force participation rate.
