New Zealand Employment Decline Is Longest Since Financial Crisis

New Zealand employment fell for a fourth straight month in July, the longest slump since early 2009 when the economy was emerging from the global financial crisis.

Filled jobs dropped 0.1% following a revised 0.3% decline in June, Statistics New Zealand said Wednesday in Wellington, extending a slowdown that began in April. The last time the series had such a sustained decline was when it fell for five straight months through March 2009.