Unemployment steady at near historic lows
The rate of unemployment remains at 3.3% in September quarter, while wages increase.
Illustration: Michael Hickmott.
Jonathan Mitchell
Wed, 02 Nov 2022
Unemployment remained near record low levels in the September quarter at 3.3%.
The unemployment rate did not move from the June quarter, according to Stats NZ data, and missed expectations by economists, who were predicting a fall.
Meanwhile, the underutilisation rate – a broader measure of spare
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Jonathan Mitchell
Wed, 02 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
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