Unemployment rate - 4.2 per cent in March

  • May 06, 2020 NZST
  • Team Kalkine
Unemployment rate - 4.2 per cent in March

The reports given by Stats NZ suggests that the unemployment rate has increased to 4.2 per cent during the March quarter, rising from 4.0 per cent last quarter.

Labour market and household statistics senior manager, Sean Broughton has cited, the surveys suggest a strong labour market before NZ went into COVID-19 lockdown. Since late 2018, the unemployment rate remained near to 4 per cent after going down since late 2012.

There was also a spike in the numbers of people receiving Jobseeker benefit support during the end of March and start of April.

 


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