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    05.08.2015 08:52 New Zealand’s unemployment rate climbs to 5.9% in the second quarter

    Statistics New Zealand released its labour market data on late Tuesday evening. The unemployment rate rose to 5.9% in the second quarter from 5.8% in the first quarter, in line with expectations.

     

     

    Employment increased 0.3% in the second quarter, after a 0.7% gain in the first quarter, missing expectations for a 0.5% rise.

     

     

    The participation rate declined by 0.2% to 69.3% in the second quarter.

     

     

    "Even though employment grew over the quarter, population growth was greater, which resulted in a lower overall employment rate for New Zealand," labour market and household statistics manager Diane Ramsay said.


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