4 Aug 2021

Unemployment falls to 4 per cent

From Nine To Noon, 10:55 am on 4 August 2021
AUCKLAND, NZ - MAY 29:Traffic on Queen street  on May 29 2013.It's a major commercial thoroughfare in the Auckland CBD, New Zealand's main population center.

Photo: 123rf.com

The unemployment rate has fallen to 4 per cent in the three months ended June, down from 4.7 pct in the previous quarter.

Wages grew at an annual rate of 2.2 percent.

This is the second quarter the jobless rate has fallen and was widely predicted by pundits who see the economy continuing to rebound.

RNZ's Business Editor Gyles Beckford says it will put more pressure on the Reserve Bank over raising interest rates.