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Labour market: strength to strength


  • The HLFS unemployment rate fell to 3.4%, from 3.5% (3.6% expected) - a new historic low.
  • Seasonally adjusted employment rose 1.1% (23,000 jobs), driven by full-time employment.
  • The unemployment rate would have fallen further were it not for higher labour participation.

Read the full Economic Note PDF.

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Report Prepared by:
Daniel Wills
ASB Treasury Economist
Phone: (649) 374 8185
Facsimile: (649) 302 0992

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