Unemployment rises slightly in December quarter
Stats NZ data shows unemployment up to 3.4%, wage pressures building.
Unemployment data softer than RBNZ expected back in November. (Graphic: Michael Hickmott)
New Zealand’s unemployment rate remains stuck at historic lows, with wage pressures building and the RBNZ expected to hike the official cash rate later this month.
Stats NZ data out today showed unemployment nudged slightly higher to 3.4% in the December quarter, up from 3.3% in the September
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