Politics
New Zealand Jobless Rises to 11-Year High as Election Looms
Key Points
Indicators New Zealand Jobless Rises to 11-Year High as Election Looms New Zealand’s jobless rate unexpectedly increased to a fresh 11-year high in the third quarter, adding to pressure on the government just three days from an election. Unemployment rose to 5.7% from 5.6% three months earlier, Statistics New Zealand said Wednesday in Wellington. That’s the highest since the third quarter of 2015 and beat economists’ estimates of 5.5%.
Indicators
New Zealand Jobless Rises to 11-Year High as Election Looms
New Zealand’s jobless rate unexpectedly increased to a fresh 11-year high in the third quarter, adding to pressure on the government just three days from an election.
Unemployment rose to 5.7% from 5.6% three months earlier, Statistics New Zealand said Wednesday in Wellington. That’s the highest since the third quarter of 2015 and beat economists’ estimates of 5.5%. Employment fell 0.1% from the prior three months, as economists tipped a 0.4% increase.