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New Zealand unemployment has confounded even the most bullish expectations, falling to just 4.9% in the December quarter, according to Statistics New Zealand. This compares to consensus forecasts of 5.6%:
Key facts
In the December 2020 quarter, compared with the September 2020 quarter:
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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.