Despite lockdowns ... employment has risen
Despite lockdowns ... employment has risen
3 November 2021
Unemployment fell to three point four percent in the third financial quarter- a record low last seen in December 2007.
Employment rose two percent.
Herald business editor Liam Dann says it's a larger drop than economists predicted.
He says salary and wage rates increased 2.4 percent in the year to September 2021.
Dann says that's good news on one hand - but wages will have to try and keep up with rising prices with inflation.
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