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NZ labour market statistics: June 2024 quarter
Key facts: In the June 2024 quarter, compared with the March 2024 quarter, the: • unemployment rate was 4.6 percent, compared with 4.4 percent • underutilisation rate was 11.8 percent, up from 11.2 percent • employment rate remained at 68.4 percent. In the year to the June 2024 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 $1,612 • average ordinary time hourly earnings increased to $41.52. table Unemployment The seasonally adjusted unemployment rate was 4.6 percent in ... (full story)