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Financial News: New Zealand Unemployment Rate Falls To 4.2% In

New Zealand Unemployment Rate Falls To 4.2% In Q1

04/30/2019 - 19:05:00 (RTTNews)

(RTTNews) - The jobless rate in New Zealand came in at a seasonally adjusted 4.2 percent in the first quarter of 2019, Statistics New Zealand said on Wednesday.

That was beneath expectations for 4.3 percent, which would have been unchanged from the previous three months.

Overall employment was down 0.2 percent on quarter, shy of expectations for a gain of 0.5 percent following the 0.1 percent gain in the three months prior.

On a yearly basis, employment was up 1.5 percent - also shy of expectations for a gain of 2.2 percent following the 2.3 percent increase in Q4.

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