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Financial News: New Zealand Jobless Rate Falls To 4.9%

New Zealand Jobless Rate Falls To 4.9%

05/02/2017 - 18:55:00 (RTTNews)

(RTTNews) - The unemployment rate in New Zealand came in at a seasonally adjusted 4.9 percent in the first quarter of 2017, Statistics New Zealand said on Wednesday.

That was beneath estimates for 5.1 percent and down from 5.2 percent in the previous three months.

The employment change was 1.2 percent on quarter, again topping forecasts for 0.8 percent and up from 0.7 percent in the three months prior.

On a yearly basis, the employment change saw a jump of 5.7 percent - exceeding expectations for 5.3 percent after adding 5.8 percent in the previous quarter.

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