31.07.201819:41:00UTC+00New Zealand Jobless Rate Climbs To 4.5% In Q2

The unemployment rate in New Zealand came in at a seasonally adjusted 4.5 percent in the second quarter of 2018, Statistics New Zealand said on Wednesday.

That exceeded expectations for 4.4 percent, which would have been unchanged from the previous three months.

Overall employment in New Zealand was up 3.7 percent on year - topping forecasts for 3.6 percent and up from 3.1 percent in the three months prior.

On a quarterly basis, employment added 0.5 percent - also topping expectations for 0.4 percent but down from 0.6 percent in Q1.