Financial News: New Zealand Jobless Rate Rises To 4.6% In

New Zealand Jobless Rate Rises To 4.6% In Q2

08/06/2024 - 19:10:00 (RTTNews)

(RTTNews) - The unemployment rate in New Zealand came in at a seasonally adjusted 4.6 percent in the second quarter of 2024, Statistics New Zealand said on Wednesday.

That beat forecasts for an increase of 4.7 percent and was up from 4,3 percent in the previous three months.

Employment was up 0.4 percent versus expectations for a decline of 0.2 percent, which would have been unchanged from the three months prior.

The participation rate was 71.7 percent - beating forecasts for 71.3 percent and up from 71.5 percent in Q1.

The labor cost index was up 0.9 percent on quarter and 3.6 percent on year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (39 min(s), 42 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (06 min(s), 42 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (30 min(s), 18 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (37 min(s), 18 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (01 hr(s), 03 min(s), 18 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (01 hr(s), 30 min(s), 18 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (02 hr(s), 17 min(s), 18 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (02 hr(s), 48 min(s), 18 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»