August 19, 2022
New Zealand: Unemployment rate rose in Q2

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The seasonally-adjusted unemployment rate rose to 3.3% in Q2 from Q1’s 3.2%, which had marked the lowest print since 1986.

Meanwhile, the underutilization rate—which includes both unemployment and underemployment—inched down to 9.2% in Q2 from 9.3% in Q1.

FocusEconomics panelists are still assessing the latest developments.

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