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The unemployment rate in New Zealand in the 4th quarter was 4.5%

New Zealand unemployment in the last quarter of last year fell to 4.5%, while in the third quarter it was 4.6%. The achieved level has become minimal over the past decade. Experts assumed that unemployment will remain at the same level. The share of economically active citizens decreased in the range of 0.1% to 71.0%. At the same time, it was noted that the number of those who found work within 3.7% on an annual basis increased, whereas before that there was a growth of no more than 0.5%.

Last year, the unemployment rate turned out to be quite strong: from the level of 5.6% recorded in the fourth quarter of 2016, it reached the above-mentioned value. This indicates that demand for labor has increased. A certain proportion of experts believe that in order to revive the salary growth, it is necessary that unemployment continues its decline.

The economy of the country shows a steady rise thanks to the influx of migrants, the high cost of raw materials, and, not least, due to the remaining low key rates. The welfare of local households is growing against the backdrop of rising property prices.

At the same time, there is a negative point: confidence in the business sector remains weak, being at a minimum value in the last two years after the last parliamentary