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Labour market statistics: September 2023 quarter

From stats.govt.nz

Key facts: In the September 2023 quarter, compared with the June 2023 quarter, the: • unemployment rate was 3.9 percent, compared with 3.6 percent • underutilisation rate was 10.4 percent, compared with 9.9 percent • employment rate fell to 69.1 percent, from 69.8 percent. In the year to the September 2023 quarter: • all salary and wage rates (including overtime) increased 4.3 percent • average weekly earnings (including overtime) for full-time equivalent employees (FTEs) increased to $1,558 • average ordinary time hourly earnings increased to $40.40. {table} The seasonally adjusted unemployment rate was 3.9 percent ... (full story)

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