Jobless rise unlikely to derail election year recovery: analysts
Despite the headline increase to 5.4%, market pundits reckon the labour market has solid prospects moving forward.
Unemployment ticked higher in the December quarter.
The underlying prospects for the New Zealand labour market remain intact, economists say, despite the unexpected rise in unemployment at the end of last year.
Statistics NZ data today showed the jobless rate rose to 5.4% in the December quarter, against widespread expectations of a hold at 5.3%.
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