New Zealand’s unemployment rate fell more than forecast in the second quarter as the economy’s recovery boosted hiring and began to stoke wage inflation. The kiwi dollar rose as traders bet interest rates could be increased as early as two weeks’ time.
The jobless rate fell to 4% from a revised 4.6% in the first quarter, Statistics New Zealand said Wednesday in Wellington. Economists expected 4.4%. Employment rose 1% from the previous three months. Private sector, ordinary time wages increased the most in 13 years.
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August 04, 2021 at 05:52AM
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New Zealand Jobless Rate Drops to 4%, Fueling Rate-Hike Bets - Bloomberg
"drops" - Google News
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