Thursday, 13 May 2021 09:25 GMT

New Zealand: Joblessness falls to 4.7 percent

( MENAFN )The statistics department Stats NZ stated on Wednesday, May 5, that the joblessness rate in New Zealand dropped to 4.7 percent in the March 2021 quarter, continuing to decline from its latest peak of 5.2 percent in the September last year quarter but keeping high compared with latest years.

Stats NZ stated that unemployment rates for men and women joined at 4.7 percent, as the male rate increased from 4.5 percent last quarter and the female rate dropped from 5.3 percent.

"There have been some gains in labor market outcomes, especially for women, over the past two quarters. However, annual changes indicate the labor market still hasn't returned to pre-COVID-19 levels for men or women," work, wealth, and wellbeing figures senior manager Sean Broughton stated in a report.

The number of people in joblessness dropped by 5,000 over the quarter, with the number of jobless women dropping by 8,000, offset by an upsurge of 3,000 men. Over the year, 13,000 more people were unemployed - 9,000 more men and 4,000 more women, Broughton added.

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