According to Statistics New Zealand’s fourth quarter jobs report, the main unemployment rate fell below the 5.6% forecast and 5.3% in the previous month, reaching 4.9%.
Additional details suggest that the change in employment increased beyond the expected figures of 0.0% and previous readings of -0.8% to + 0.6%. Further, the labor cost index rose to 0.5%, as expected, compared to 0.4% in the previous quarter.
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