Kiwis dash home as unemployment tumbles

Tuesday 2 February 2016

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.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.