INDEPENDENT NEWS

Sharp Falls In Unemployment And Underutilisation

Published: Wed 4 Aug 2021 10:53 AM
The seasonally adjusted unemployment and underutilisation rates fell to 4.0 and 10.5 percent, respectively, in the June 2021 quarter, Stats NZ said today.
The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter, dropping 0.6 percentage points in the June 2021 quarter, to reach 4.0 percent.
“The fall in unemployment is largely in line with other labour market indicators, including declining numbers of benefit recipients and increased job vacancies, and recent media reports of labour shortages and skills mismatches,” work, wealth, and wellbeing statistics senior manager Sean Broughton said.
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Sharp falls in unemployment and underutilisationTightening labour market puts pressure on wagesLabour market statistics: June 2021 quarterCSV files for download

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