Tuesday, 11 May 2021 10:53 GMT

New Zealand: Jobless rate declines to 4.7 pct in March 2021 quarter

( MENAFN ) On Wednesday, May. 5 the statistics department Stats NZ reported that the jobless rate in New Zealand dropped to 4.7 percent during the March 2021 quarter, maintaining decline from its recent peak of 5.2 percent during the September 2020 quarter but staying high in comparison with recent years.

Stats NZ noted that jobless rates for men and women converged at 4.7 percent, as the male rate climbed from 4.5 percent in the past quarter and the female rate dropped from 5.3 percent.

Work, wealth, and wellbeing statistics senior manager Sean Broughton stated in a report: "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."

The number of people who are jobless dropped by 5,000 throughout the quarter, with the number of jobless women declining by 8,000, offset by an increase of 3,000 men. Broughton noted that over the year, another 13,000 persons were jobless - 9,000 more men and 4,000 more women.

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