Unemployment ticks up to 5.2%, cements August rate cut
Economists expected the rate for the June quarter to be even worse.
Finance Minister Nicola Willis said the economic recovery was underway with inflation in the target band.
More New Zealanders are out of work and wage growth is muted, reinforcing the likelihood of another interest rate cut by the Reserve Bank later this month.
Statistics NZ data today showed the unemployment rate increased to 5.2% in the June quarter, compared with 5.1% in the March quarter. There were
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