New Zealand employment dropped to record low 3.2%

<p>New Zealand employment rose 0.1% in Q4, below expectation of 0.4%. Unemployment rate ticked down from 3.3% to 3.2%, slightly better than expectation of 3.2%. Labor force participation rate dropped -0.1% to 71.1%. “The labour market continued to show the tightness we saw in the September 2021 quarter, with both unemployment and underutilisation rates remaining […]</p>
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