Economics
New Zealand Unemployment Rises as RBNZ Contemplates Rate Cut
- Annual employment growth of 0.9% is slowest in six years
- Wages climb after government settlements with nurses, teachers
Outside the Reserve Bank of New Zealand (RBNZ) headquarters in Wellington, New Zealand.
Photographer: Birgit Krippner/BloombergThis article is for subscribers only.
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.
New Zealand unemployment increased more than expected in the third quarter and employment growth slowed, adding to signs of a sluggish economy that could prompt the Reserve Bank to cut interest rates further next week.