Financial News: New Zealand Jobless Rate 4.8% In Q3

New Zealand Jobless Rate 4.8% In Q3

11/05/2024 - 17:04:00 (RTTNews)

(RTTNews) - New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third quarter of 2024, Statistics New Zealand said on Wednesday.

That was beneath expectations for 5.0 percent and up from 4.6 percent in the previous quarter.

Overall employment was down 0.5 percent on quarter, shy of forecasts for a fall of 0.4 percent after adding 0.4 percent in the second quarter.

The participation index came in at 71.2 percent, missing forecasts for 71.5 percent and down from 71.7 percent in the three months prior.

The labor cost index rose 0.6 percent on quarter and 3.4 percent on year, slowing from 0.9 percent on quarter and 3.6 percent on year in the second quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Services PMI Falls To 49.7 In October - Jibun (01 hr(s), 56 min(s), 02 sec(s) ago)
(RTTNews) - The services sector in Japan fell into contraction territory in October, the latest su ...Full Story»

BoJ Minutes: Japan Economy Shows Modest Recovery (02 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - members of the Bank of Japan's Monetary Policy Board agreed that Japan's econo ...Full Story»

BoJ Minutes To Be Released On Wednesday (04 hr(s), 14 min(s), 02 sec(s) ago)
(RTTNews) - The Bank of Japan will on Wednesday release the minutes from its September 19-20 monet ...Full Story»

New Zealand Jobless Rate 4.8% In Q3 (04 hr(s), 41 min(s), 02 sec(s) ago)
(RTTNews) - New Zealand posted a seasonally adjusted unemployment rate of 4.8 percent in the third ...Full Story»

Ten-Year Note Auction Attracts Above Average Demand (08 hr(s), 18 min(s), 02 sec(s) ago)
(RTTNews) - A day after reporting slightly above average demand for this month's three-year no ...Full Story»

U.S. Services Index Unexpectedly Climbs To Two-Year High In October (10 hr(s), 56 min(s), 02 sec(s) ago)
(RTTNews) - Service sector activity in the U.S. unexpectedly grew at an accelerated rate in the mo ...Full Story»

U.S. Trade Deficit Widens To Largest In Over Two Years In September (12 hr(s), 09 min(s), 02 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase ...Full Story»

U.S. Trade Deficit Widens Significantly In September (13 hr(s), 10 min(s), 02 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase ...Full Story»