New Zealand unemployment falls, wages lift

Wednesday, 5 February 2020

Statistics New Zealand has released labour market data for the December quarter, which reveals both falling unemployment an rising wage growth.

New Zealand unemployment fell to 4.0% from 4.1% (revised) in the September quarter:

The labour underutilisation rate also fell to an 11-year low of 10%:

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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.