Immigration collapse delivers record low NZ unemployment, rising wages

From Statistics New Zealand:

Key labour market measures showed an increasingly tight labour market, with unemployment and underutilisation near record lows, employment at an all-time high, and wage growth strong, Stats NZ said today.

The seasonally adjusted unemployment and underutilisation rates fell to 3.4 and 9.2 percent, respectively, in the September 2021 quarter, while the employment rate rose to 68.8 percent.

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