The unemployment rate (seasonally adjusted) in New Zealand reached 4.2% in the September 2019 quarter, rising from 3.9 % in the June 2019 quarter, as per Statistics New Zealand. Meanwhile, the underutilisation rate, the measure of labour market’s spare capacity, dropped to 10.4%, its 11-year low, primarily driven by a reduction underemployed people (who work part time while looking to work more hours) in the country.
For women, the underutilisation rate stood at 12.6%, lowest since the September quarter 2008, while for men, it fell to 8.3% , also a record low in over 12 years.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.