Unemployment rises while underutilisation rate at 11-year low for Sep 2019 Quarter, New Zealand

  • Nov 06, 2019 AEDT
  • Team Kalkine

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.

 

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